Canada’s new opposition leader is a Bitcoiner
Canadian politician and noted crypto advocate Pierre Poilievre has taken the helm of Canada’s Conservative Party, which looks set to give the current administration a run for its money in the next federal election.
The pro-crypto politician reportedly won the leadership of the Conservative Party of Canada in a landslide victory on Saturday, securing 68.15% of the electoral points up for grabs, and far outpacing his nearest opponent Jean Charest who received just 16.07% of the vote.
Poilievre has been a member of the Conservative Party since 2003, first winning office in the 2004 election. He has since served as a Member of Parliament for seven terms and held various roles including Shadow Minister for Finance and Minister of Employment and Social Development.
His latest appointment means that Canadians may be able to eventually vote for a pro-crypto leader in the next federal election — set to take place on or before Oct. 20, 2025, to determine the 45th Canadian Prime Minister.
Earlier this year, Poilievre urged the Canadian public to vote for him as their leader to “make Canada the blockchain capital of the world.”
Let people take back control of their money from bankers & politicians.
Expand choice, lower costs of financial products, create thousands of jobs.
— Pierre Poilievre (@PierrePoilievre) March 28, 2022
In March, YouTube channel BITCOIN posted a video of Poilievre at a Tahinis Restaurant during his leadership election campaign talking about his support for crypto, saying: “We must keep cryptocurrencies legal:”
“People should have the freedom to choose other money. If the government is going to abuse our cash, we should have the freedom to use other, higher quality cash.”
He also briefly spoke about ideas to simplify crypto taxes, rules and regulations so there was a consistent law across Canada.
In the same video, he bought chicken shawarma using the Lightning Network.
However, Poilievre has offered very few specifics on how his party would implement the regulation and adoption of crypto if they unseat current Prime Minister Justin Trudeau’s Liberal party.
The Conservative Party of Canada currently holds 16 out of 105 seats in the Senate and 119 out of 338 in the house of commons, while Trudeau’s Liberal government has a minority government with 160 seats in the house of commons.
To form a majority government requires at least 170 seats in the house of commons.
Canada made its foray into the global digital asset space when its Parliament passed a national law on digital currencies in 2014.
The Canadian regulatory council also created a new preregistration filing for crypto platforms in August of this year.
Only a relatively small number of Canadians currently hold BTC, according to the Bank of Canada Financial System Review released in June 2022 — with about 13% of Canadians owning some in 2021, up from 5% in 2020.