Canada’s new prime minister once said Bitcoin had ‘serious deficiencies’

Canada’s new prime minister, Mark Carney, once said recreating a virtual global gold standard like Bitcoin “would be a criminal act of monetary amnesia.”

The Liberal Party of Canada has announced Canada’s new prime minister is Mark Carney, a former central banker and Bitcoin critic with plans to fight back against the US’ recently introduced tariffs.

Carney won on March 9 in a landslide vote to choose the replacement for Justin Trudeau, who held the position for over seven years.

Carney served as governor of the Bank of Canada between 2008 and 2013 before crossing the Atlantic Ocean to serve as governor of the Bank of England for the next seven years. He told local media on March 1 that had he started the process of renouncing his UK and Irish citizenships.

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