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What does the new prime minister-designate of Canada, Mark Carney, think about crypto?
On Mar. 9, 2025, it was revealed that Mark Carney will replace Justin Trudeau as the Liberal Party’s leader and Prime Minister of Canada. Is this a victory for the Canadian crypto community?
Carney’s stance on crypto in the past years
Carney’s victory is hardly good news for the local crypto community. The Prime Minister’s designate has been skeptical towards Bitcoin and has expressed a preference for Central Bank Digital Currencies, thus leaning toward the opposite approach to the one adopted in the U.S. lately.
What does Carney think of crypto now?
We don’t know much about Carney’s current stance on crypto; however, considering the past distaste for cryptocurrencies and the current focus on AI, it seems that Canada is not going to become a strong crypto hub anytime soon. Several media outlets cite Carney’s recent remarks on crypto. Allegedly he called Bitcoin not money but a speculative asset damaging financial stability. However, no link to the source was provided. Carney has served as a board of directors member at Stripe, a platform that supported crypto payments between 2022 and 2024. But Carney shouldn’t see it as a somewhat crypto-friendly move.
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