- Mark Carney sees a serious flaw in the restriction of the maximum top quantity at Bitcoin, which makes too inflexible in economic changes.
- Canada National Bank has sold Bitcoin-related assets thus shows its general reservations against volatile cryptocurrencies.
After years of lead, Justin Trudeau has the baton Mark Carney passed on. The former governor of the Bank of Canada and the Bank of England was officially elected the new chairman of the liberal party and is also becoming Prime Minister of Canada.
This change not only changes the political scene of the country, but also affects financial policy and the economic sector as well as the government’s attitude towards Bitcoin and other digital assets.
Carney’s Bitcoin skepticism and their implications
Mark Carney is known for generally skeptical to Bitcoin and cryptocurrencies. He has pointed out the main defects of this digital resource several times. He claims that Bitcoin’s specified offer is a “serious defect” that makes it too rigid when handling economic dynamics. In addition, he claims that Bitcoin and other cryptocurrencies are inadequate in the short perspective.
LATEST: THE LIBERAL PARTY OF CANADA HAS ANNOUNCED MARK CARNEY AS CANADA’S NEW PRIME MINISTER, REPLACING JUSTIN TRUDEAU.
HE ONCE SAID THAT “THE FIXED SUPPLY RULES OF CRYPTOCURRENCIES SUCH AS BITCOIN ARE SERIOUS DEFICIENCIES.”
Source: Cointelegraph pic.twitter.com/4VrefimD3f
— Mario Nawfal’s Roundtable (@RoundtableSpace) March 10, 2025
Carney’s position contradicts the growing acceptance of cryptocurrencies. With regard to the crypto community, his comment could indicate that Canadian politics could be stricter in the future in terms of digital assets.
On the other hand, the situation also raises the question: Will Carney stand up for a compromise so that the digital financial sector can expand further without endangering economic stability, or will he introduce harder rules?
Canadian central bank sells BTC-ETF participation
In addition, the National Bank of Canada is known to sell its Bitcoin-related assets and submitted papers to the SEC in the United States to sell its Blackrock Ishares Bitcoin Trust ETF stocks worth more than $ 1.3 million, as CNF reported.
The campaign shows the growing caution of Canadian financial institutions compared to the volatility of Bitcoin and other cryptocurrencies.
This decision is not only a company policy decision, but also reflects the uncertainty that Canada currently surrounds in political and financial terms. With the resignation of Trudeau and the change at the top of the country, Canada is now at an important point where his economic future is decided.
Crypto fraud increases-states take measures
In the discussion about the sustainability and control of cryptocurrencies, another, equally worrying problem has arisen: crypto investment fraud. The securities supervisory authorities in Alberta and New Brunswick recently warned of a fraud known as “Cancap”, which is aimed at investors with increasingly advanced techniques.
In response to the US tariffs, the program uses fake messages to show that former Prime Minister Justin Trudeau supports investments in cryptocurrencies. Of course, this is just a skillful trick to attract victims.
According to the Better Business Bureau, frauds with cryptocurrencies in Canada are now quite common. Many people have lost thousands of dollars after falling for fraudsters on social media who promise high returns with the help of fake videos. This phenomenon shows that irresponsible parties still take advantage of the gaps behind the rapid expansion of the cryptoma market.
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