Conservative MP Michelle Rempel Garner says she hopes her bill to help grow the cryptocurrency sector will get Canadian legislators talking about it in a non-polarized way.
The private member's bill she introduced in February, which was debated in the House of Commons Tuesday evening, would compel the government to consult experts and create a plan for crypto assets within three years.Many Canadians are still confused by how digital currencies, like Bitcoin, even work and exist in Canada. Rempel Garner thinks regulators and lawmakers feel similarly lost.
He said he believes Canadians should have "more financial freedom" while politicians and bankers should have less financial control. Freedom has been the overarching theme of Poilievre's campaign since he launched it in February. Tombe said the main driver of inflation right now is the increase in oil prices, and digital currencies won't change that.
Bruce MacLellan, CEO of Proof Strategies, which surveys Canadians' trust levels, said while Poilievre may feel his message around freedom and cryptocurrencies is a winning one for a segment of the Conservative base -- and those who champion freedom as an ideal -- Proof's research suggests it wouldn't resonate more widely.
"The number of people who don't trust in banks or the Canadian financial markets, they are a perfect market opportunity for Bitcoin."
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