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Canada’s new prime minister once said Bitcoin had ‘serious deficiencies’

cryptoweekly by cryptoweekly
March 10, 2025
in bitcoin, News
0

Canada’s new prime minister, Mark Carney, once said recreating a virtual global gold standard like Bitcoin “would be a criminal act of monetary amnesia.”

The Liberal Party of Canada has announced Canada’s new prime minister is Mark Carney, a former central banker and Bitcoin critic with plans to fight back against the US’ recently introduced tariffs.

Carney won on March 9 in a landslide vote to choose the replacement for Justin Trudeau, who held the position for over seven years.

Carney served as governor of the Bank of Canada between 2008 and 2013 before crossing the Atlantic Ocean to serve as governor of the Bank of England for the next seven years. He told local media on March 1 that had he started the process of renouncing his UK and Irish citizenships.

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Recent Posts
  • ‘Altseason is here’ — 5 Things to know in Bitcoin this week
  • Crypto funds post record $4.4B inflows as Ether ETPs break 2024 gains
  • ‘Rich Dad, Poor Dad’ author warns Bitcoin ‘bubble’ could burst soon
  • US bank lobby challenges crypto firms’ bids for bank licences
  • Ethereum’s Fusaka upgrade set for November, Glamsterdam planning next
  • Blistering NFT ‘sweep’ underway as CryptoPunks, Penguins surge
  • Ethereum is scaling: TPS, gas limit up as validators back 45M target

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