Canada's new Prime Minister Mark Carney has criticized Bitcoin, calling it "deeply flawed"
Odaily News The Liberal Party of Canada announced that Mark Carney, a former governor of the Bank of Canada and a Bitcoin critic, has been elected as the new prime minister, replacing Justin Trudeau. On March 2, 2018, he said that Bitcoin’s fixed supply led to “serious flaws” and warned that “recreating a virtual global gold standard would be a criminal act of monetary amnesia.”
Carney also pointed out that Bitcoin and cryptocurrencies have proven to be "poor short-term stores of value," citing Bitcoin volatility as an example, pointing out that if you borrow money in Bitcoin to pay for living expenses, you may suffer significant losses. In the same paper, he mentioned that he supports central bank digital currencies, believing that they can expand banking services and help combat terrorism and economic crime.
Nonetheless, Carney served on the board of directors of payments company Stripe from 2021 to 2025, and the company implemented a range of crypto payment solutions between 2022 and 2024.
On international affairs, Carney plans to fight back against the tariff policy of the Trump administration in the United States and said that Canada "will never be part of the United States in any way." (Cointeklegraph)
