Canadian politician says he supports Bitcoin as federal election looms

Canadian politician says he supports Bitcoin as federal election looms

Maxime Bernier, founder and leader of the People's Party of Canada, has said he supports the adoption of cryptocurrencies in the country.

In a Tuesday tweet, Bernier said cryptocurrencies are “another new and innovative way” to counter the actions by central banks, which he claimed are “destroying our money and economy.” The Canadian politician has criticized the Bank of Canada for “printing money” and called out Prime Minister Justin Trudeau for his economic policies.

Our top trading bots

Canadian politician says he supports Bitcoin as federal election looms

Bernier, a former cabinet minister known by some as Mad Max, has been outspoken in his criticism of vaccine mandates in Canada at a time when the number of COVID-19 cases in the country continues to rise. He has also advocated for ending lockdowns and mask mandates and against the rollout of a vaccine passport system.

The politician’s remarks come before a Canadian federal election scheduled for next Monday, with the People's Party currently holding no seats in the country’s parliament. Though many right-leaning politicians worldwide have adopted pro-crypto stances as part of their campaigns or policies once in office, the role of Bitcoin (BTC) and crypto is seemingly not a one-party issue.

Canada has often paved the way for many initiatives in the crypto space. Ethereum co-founder Vitalik Buterin is Russian-Canadian and investments firms have been able to successfully launch crypto exchange-traded funds while U.S. regulators have yet to reach a decision on the investment vehicle.

Related: Crypto in Canada: Where are we today, and where are we heading?

However, many Canadian lawmakers, including Trudeau, have been largely silent on the role cryptocurrencies may play in the country’s economy. Trudeau’s half-brother, Kyle Kemper, is an outspoken Dogecoin (DOGE) enthusiast whom the Canadian government once paid to speak at a blockchain conference.

Cointelegraph reached out to the People's Party of Canada, but did not receive a response at the time of publication.

Continue reading about Cointelegraph
US Congress agency recommends 4 key policy options for blockchain
Per the request of the United States Congress, the U.S. Government Accountability Office (GAO), laid out four policy options to help policymakers implement...
Okcoin launches $165M collective investment to push Bitcoin adoption
Cryptocurrency exchange Okcoin, along with the Stacks Accelerator and Stacks Foundation, announced on Thursday the start of the “Bitcoin Odyssey,” a one-year...
Cointelegraph’s Top 100 concludes with a special entry that unites us all!
The countdown for Cointelegraph’s list of the most influential figures in crypto and blockchain is coming to a close, saving the best for last. The Top...
Fitch Ratings warns of risks crypto miners pose to US power supply
Global credit rating agency Fitch Ratings is warning public power utilities across the United States to mitigate the risk crypto mining could post their...
Airbnb users want crypto payment options, according to CEO’s Twitter poll
Airbnb CEO Brian Chesky tweeted a poll on Monday asking roughly 400,000 followers what they wanted from the rental platform in 2022.Chesky revealed on Wednesday...
Polygon upgrade quietly fixes bug that put $24B of MATIC at risk
Ethereum-based layer two scaling network Polygon has quietly fixed a vulnerability that put almost $24 billion worth of its native token MATIC at risk....
Price analysis 10/29: BTC, ETH, BNB, ADA, SOL, XRP, DOT, DOGE, SHIB, LUNA
Bitcoin (BTC) is still in a corrective phase but Ether (ETH) has attracted strong buying, which pushed it to a new all-time high on Oct. 29. The successful...
Chainalysis acquires cybercrime investigative firm Excygent in fight against ransomware attacks
Blockchain analytics firm Chainalysis has purchased cybercrime investigative company Excygent for an undisclosed amount, hinting that the two will continue...
3 reasons why Aavegotchi (GHST) price spiked to a new all-time high
The NFT sector took the world by storm in 2021 as crypto and corporate sector influencers, globally recognized companies and popular sports teams embraced...
One Bitcoin now buys 0.6 kilograms of gold as 10-year returns turn negative
Bitcoin (BTC) proponents continue to poke fun at gold bugs as the precious metal’s 10-year returns flip negative.As of Tuesday, fresh data shows tha XAU/USD...
Bitcoin falls 8.9% to $34,156
(Reuters) - Bitcoin fell by 8.9% to $34,156 at 1000 GMT on Sunday, losing $3,344.54 from its previous close.Bitcoin, the world's biggest and best-known...
XRP Climbs 17% In a Green Day
Investing.com - XRP was trading at $1.23715 by 08:45 (12:45 GMT) on the Investing.com Index on Thursday, up 16.74% on the day. It was the largest one-day...
Polkadot announces Kusama is 'finally ready to host parachains'
Kusama, sister chain to Polkadot’s platform, is ready for the rollout of parachains on the network.Polkadot and Kusama creator Gavin Wood today said in...
Bubble or a drop in the ocean? Putting Bitcoin's $1 trillion milestone into perspective
On Feb. 19, Bitcoin's (BTC) market capitalization surpassed $1 trillion for the first time. While this was an exciting moment for investors, it also concerned...
WINGS. What Benefits Does the Platform Offer to the Users?
Wings - a decentralized platform for creating, participating and managing DAO. It works on the blockchain technology using smart contracts. Wings team...