Source: Liberal Party of CanadaHe has opposed Bitcoin (BTC) since at least March 2, 2018, when he said Bitcoin’s fixed-supply cap results in “serious deficiencies.”“If ‘those who cannot remember the past are condemned to repeat it,’ recreating a virtual global gold standard would be a criminal act of monetary amnesia.”“The fixed supply of Bitcoin has fed a global speculative mania that has encouraged a proliferation of new cryptocurrencies,” Carney said during his speech on the future of money while serving as governor at England’s top bank.
That’s quite a lottery.”In the same paper, Carney championed central bank digital currencies, stating that they could expand banking access to more individuals and businesses while suggesting it could help central banks “fight terrorism and economic crime.”However, Carney was also a board member at payments processor firm Stripe from February 2021 to January 2025.
Carney plans to fight back at Trump over tariffsIn his March 9 victory speech, Carney called out US President Donald Trump for “attacking Canadian families” and attempting to weaken Canada’s economy through tariffs.“Donald Trump has put unjustified tariffs on what we build, sell and how we make a living,” Carney said.
or
Share This Story
Article Details
Author / Journalist: Cointelegraph by Brayden Lindrea
The story "Canada’s new prime minister once said Bitcoin had ‘serious deficiencies’" has 523 words across 18 sentences, which will take approximately 3 - 5 minutes for the average person to read.
Which news outlet covered this story?
The story "Canada’s new prime minister once said Bitcoin had ‘serious deficiencies’" was covered 1 days ago by Coin Telegraph, a news publisher based in United States.
How trustworthy is 'Coin Telegraph' news outlet?
Coin Telegraph is a fully independent (privately-owned) news outlet established in 2013 that covers mostly crypto news.
The outlet is headquartered in United States and publishes an average of 811 news stories per day.
It's most recent story was published 8 hours ago.
What do people currently think of this news story?
The sentiment for this story is currently Positive, indicating that people regard this as "good news".
How do I report this news for inaccuracy?
You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.
