Is there hope for Canada’s crypto sector after the election?
Cryptocurrencies are one of many dividing lines between the Liberal and Conservative parties of Canada. In 2022, Conservatives advocated for crypto as a way to “opt out” of inflation, blaming Liberal economic policy for driving inflation to 30-year highs and contributing to a spike in housing costs.
Liberals, on the other hand, criticized crypto for being too volatile.
Most of the time, cryptocurrencies are treated as securities, which makes developing a crypto-focused business in Canada difficult. This protective approach is seen by Conservatives as harmful to the country’s economic and technological development.
Then-Finance Minister Chrystia Freeland criticized Conservative Party Leader Pierre…
