Mark Carney: How Mark Carney’s rise will affect Canada’s crypto industry
Mark Carney’s victory is seen as a major shift in the future of Canada’s crypto market. With a deep foundational knowledge and expertise in finance and global banking, his role comes at a time when Canada faces rising tariffs and threats from their neighbour, the United States.Carney prefers economic stability, measured policymaking, and views cryptocurrency as uncertain and unfit. Although the Conservative leader, Pierre Poilievre, advocated for decentralized finance and wanted to make Canada a global hub of blockchain technology, Carney has repeatedly expressed his skepticism towards cryptocurrencies.
In his 2018 speech at the Bank of England, he called bitcoin a “poor store of value.”
“It is not a store of value because it is…
