Canadian politician Pierre Poilievre has expressed his support for a bill that aims to prohibit the introduction of a central bank digital currency (CBDC) in Canada. The bill, if passed, would prevent the Bank of Canada from issuing its own digital currency.
Poilievre believes that the introduction of a CBDC could have negative consequences for the Canadian economy. He argues that a digital currency issued by the central bank could undermine financial privacy and potentially lead to increased government surveillance.
The politician’s stance on the issue aligns with many in the cryptocurrency community who value decentralization and individual privacy. Poilievre’s support for the bill highlights the growing debate over the role of digital currencies in the modern economy.
While the future of CBDCs in Canada remains uncertain, Poilievre’s backing of the bill signals a pushback against the potential implementation of a central bank digital currency in the country.