Prices of many cryptocurrencies peaked two years ago, and last year saw major political interest in the technology. But since then, the political conversation about Bitcoin and other crypto assets has faded.Almost two years after reaching all-time highs in value, Bitcoin and other cryptocurrencies have faded from prominence in Canadian politics.
As Poilievre campaigned for the Tory leadership on the way to a landslide victory, he spoke positively about decentralized finance and cryptocurrency. At one point,that crypto would allow Canadians to "opt-out" of inflation, which was soaring at the time. And he famously used Bitcoin toCryptocurrency assets have also disappeared from the disclosure forms of several other MPs who previously held them, including Conservatives Ben Lobb and Tony Van Bynen and Liberal Chandra Arya .
Experts in cryptocurrency technology and regulation told CBC News that media and political attention in cryptocurrencies tracks closely with the price of the assets. Many cryptocurrencies have surged by around 30 per cent in the past month. "They've been building, despite nobody paying attention to them and media not caring about it or politicians not caring about it," Humayun said.
"They're not law. They don't have the the the force of law," Burgoyne said. "But what's happened is most cryptocurrency companies in Canada, primarily trading platforms, have followed staff's suggestions." That creates a situation where there's "de facto" law, he said.
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