CanadaS Crypto Debate: Liberals vs. Conservatives
Canada’s political parties are split on cryptocurrencies. The Conservatives see crypto as a way to fight inflation. They blame the Liberals for high inflation and expensive housing. In 2022, they pushed crypto as a solution.
However, the Liberals disagree. They think crypto is too risky. They worry about its price swings.Most of the time, crypto is treated like a security.This makes it hard for crypto businesses to grow. Conservatives think this hurts the country’s economy and tech progress.
Conservative leader Pierre Poilievre supports crypto. He wants to change how crypto is classified.He aims to make Canada a “blockchain capital.” But the Liberals, led by Chrystia Freeland, see it differently. After the 2021 crypto boom turned into a bust, Freeland criticized Poilievre’s crypto advice. She said his advice led to losses for many Canadians.
