Mark Carney, former head of Canada's and England's central banks, has become Canada's Prime Minister. His views on cryptocurrencies and economic policies draw attention.
Mark Carney's Appointment
On March 9, Mark Carney became Canada's new Prime Minister, succeeding Justin Trudeau. Carney previously led the Bank of Canada and the Bank of England and has been skeptical towards Bitcoin, particularly criticizing its fixed supply as a source of issues in monetary systems.
Views on Cryptocurrencies
During his tenure as Bank of England governor, Carney advocated for central bank digital currencies as a solution for increasing financial accessibility and combating economic crime. He criticized Bitcoin for its high volatility and refused to consider it a reliable store of value. Carney's role in Stripe is also noteworthy: the company integrated crypto-payment solutions during his board tenure.
Tensions with the USA
In his victory speech, Carney criticized US President Donald Trump for tariffs placed on Canadian goods and declared Canada's readiness to stand firm. He dismissed Trump's hints about Canada potentially becoming the 51st US state.
Mark Carney's appointment as Canada's Prime Minister could significantly impact the country's economic and foreign strategies, particularly concerning cryptocurrencies and relations with the USA.
