Canada’s Conservative Party Elects Crypto Advocate as Its New Leader

UTC by Sanaa Sharma · 2 min read
Canada’s Conservative Party Elects Crypto Advocate as Its New Leader
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Poilievre, who is a member of the Conservative Party since 2003, initially won his first office in the 2004 elections.

Canada’s Conservative Party has chosen Pierre Poilievre, a popular crypto advocate and politician, as its new leader for the party. The Conservative Party has shown a promising rise against the present administration and is anticipating tough competition in the upcoming federal elections in the country.

Poilievre, who is a keen supporter of Bitcoin and a skeptic of the central bank, was elected as the leader with massive success, acquiring 68.5% of the electoral points. On the other hand, Poilievre’s opponent Jean Charest bagged 16.07% of the vote. When thousands of Canadians rebelled against Justin Trudeau’s decision to freeze bank accounts of protestors who rebelled against COVID restrictions, Pierre Poilievre was one of the most popular politicians to condemn the action.

Poilievre, who is a member of the Conservative Party since 2003, initially won his first office in the 2004 elections. Not only has he served as a Member of Parliament for seven terms, but has also upheld several positions as the Shadow Minister of Finance and Minister of Employment and Social Development. His most recent designation has a lot to offer to the people of Canada if elected in the upcoming federal elections.

In the early months of the year, Poilievre requested Canadian citizens to vote for him in the federal elections to “make Canada the blockchain capital of the world.” Several videos of Poilievre made rounds subsequently, where the popular politician was seen promoting cryptocurrencies. According to the forty-three-year-old crypto advocate, people should have the liberty to choose their source of money .Since the government enjoys the right to misuse the public’s capital, the public should be able to find better ways to earn quality funds.

While there are many ideas propelled by Poilievre, one of the most significant ones is to publicize and expand the crypto space in the country. He also plans to make crypto tax regulation less complicated, with the rules and mandates compliant with the legislation of Canada. Having said that, it is still not clear how the newly-elected leader is going to execute all his plans.

Canada dipped its feet into the crypto waters when its Parliament enacted a nationwide law on digital assets and currencies in 2014. The subsequently formed Canadian regulatory council also developed a brand-new preregistration filing for crypto sites and venues in August.

Bitcoin News, Cryptocurrency news, News
Sanaa Sharma
Author Sanaa Sharma

Sanaa is a chemistry major and a Blockchain enthusiast. As a science student, her research skills enable her to understand the intricacies of Financial Markets. She believes that Blockchain technology has the potential to revolutionize every industry in the world.

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