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Canada’s New PM Once Called Bitcoin a ‘Monetary Amnesia’—Will He Restrict Crypto?

  • Mark Carney, Canada’s new Prime Minister, has been critical of Bitcoin, citing its volatility and inefficiencies, but supports the development of CBDCs.
  • Carney takes office amid economic tensions with the U.S., opposing Donald Trump’s trade tariffs and rejecting the idea of Canadian annexation.
  • Carney, a veteran economist and former central banker, has consistently criticized Bitcoin due to its volatility and economic inefficiencies.
  • Although Carney has been a critic of decentralized currencies, he supports the development of central bank digital currencies (CBDCs) for enhanced financial access and regulatory supervision.

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