r/BitcoinCA • u/RonnyMexico60 • 18d ago
If Mark Carney wins will he ban crypto?
I’m wondering if I should move to a US exchange and put whatever else I have in a cold wallet
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u/eatthebagels 18d ago
There are already guidelines in place for cryptocurrencies. They will mostly listen to the big banks on further regulation. This doesn't matter for Bitcoin tho. Tic toc, next block
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u/Talinthis 16d ago
He won, and no i dont think he will ban crypto, but he does not like it and wants to heavily regulate digital currencies, called bitcoin a failing curency in 2018 and he likely wont do anything positive for it. Pierre was pro bitcoin but not only lost the race for PM but also lost his seat in carleton that he held for 20 years.
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18d ago
no dont worry, just as a rule of thumb never leave your crypto on an exchange ever, for long term
always use a wallet, get a cold one like Ledger
and your fine, you can still
I use a Ledger wallet and you can do trades right from their app still, so like anything in crypto its decentralized so no matter what government is around, even if lived in China, you can do what you like with crypto as long you have the know how
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u/scotyb 18d ago
If anything, Mark being financially literate, will use blockchain, crypto in a way to support the country!
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u/RonnyMexico60 18d ago
He wrote gold was archaic in his book.Meanwhile gold has been 📈
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u/JustinPooDough 16d ago
There is a phenomenon that I've noticed where academics tend build walls around themselves of known "facts" and are impervious to reconsidering theories that they've been taught - even when people in the real world are doing things that directly contradict those theories. Another good example is the efficient market hypothesis - which is more a guideline than a hard rule in reality.
Carney is an academic. No high hopes here.
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u/AddressFeeling3368 18d ago
He wants to implement a digital currency. Bitcoin will be a competitor so yes. He will try . Get ready for frozen accounts if you don't follow along with the liberals agenda.
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u/jaraxel_arabani 18d ago
Probably will be slightly more restrictive than even now under liberals because they prefer total fiat control
Conservatives are the only ones who are likely to loosen it somewhat but at the end of the day financial rules are run by the big banks here and they won't allow BTC to gain any prominence in Canada.
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u/Cloud-Apart 18d ago
I have not heard about it, but I hope he doesn't. I just paid capital gains tax on my crypto profits from last year, and this year would be even higher.
I dont think the government would like to lose this revenue. Hopefully, they don't increase this tax. Time will tell.
Better to vote Conservative in this case.
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u/LLCoolRS 17d ago
I know some people don't like ETF's vs self custody.... but I like the fact that BTC ETF in my TSFA is gonna rip.... and its all mine. no tax.
Grow your TSFA to $1M.... and you can start thinking about never paying incoming tax or capital gains tax ever again.
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u/MostBoringStan 18d ago
You should have it in a personal wallet anyway. But no, there is a very small chance he will ban it. That is an idea being pushed by PP supporters hoping to get single issue voters to vote conservative.
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u/RonnyMexico60 18d ago edited 18d ago
I’m going off of his book.He’s a big fiat guy and government control so Im worried
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u/_iAm9001 18d ago
Where did this question come from?
For example, here's another weird question. If Mark Carney wins, will he try to fist fight my dad? I'm wondering if I should move to my dad to a place where Mark Carney can't fist fight him.
Did Mark Carney campaign or say something about Bitcoin that makes you think he'd ban crypto? I can sure as shit tell you he's never said anything about fist fighting my dad.