Massive Crypto Crackdown? Mark Carney’s 2025 Canadian Crypto Regulations Could Change Everything for Digital Assets!

A new Canadian prime minister is taking over from Justin Trudeau after seven years in office. Named Mark Carney’s career, he has led the Bank of Canada and the Bank of England, proving his financial expertise. He has shared mixed opinions on cryptocurrency, criticizing Bitcoin’s fixed supply and speculative nature while supporting digital currencies in some cases. His role at Stripe deepens his connection to fintech, adding layers to his views. 

A Former Bitcoin Critic with a Central Bank Past

Canada’s Liberal Party has chosen Mark Carney as the replacement for Justin Trudeau, who held his position for 7 years. The new PM is known for previously criticizing BTC and has worked at the Central Bank. Between 2008 and 2013, Carney had the title of governor of the Bank of Canada. After this, he got the position of the Bank of England’s governor, where he worked for seven years. On March 1, before even entering the voting, he announced the renouncing of his English and Irish citizenship. 

🚨 BREAKING: It's official. Justin Trudeau is OUT as PM of Canada – the Liberals have selected a new Prime Minister.

Mark Carney.

He received 85.9% of the vote. pic.twitter.com/IBpr30EVlR

— Eric Daugherty (@EricLDaugh) March 9, 2025

The prime minister has had several anti-Bitcoin statements that could mean bad days ahead for Canadian crypto regulations. For example, on March 2, 2018, he stressed how currencies like Bitcoin have fixed supply caps, creating major problems. He stated, “If ‘those who cannot remember the past are condemned to repeat it.”. Also added,” Recreating a virtual global gold standard would be a criminal act of monetary amnesia.” In a speech about the future of money, he also mentioned Bitcoin’s fixed supply.

Carney’s Critique: Bitcoin Too Unstable for Real-World Use?

He stressed, “Bitcoin’s fixed supply has fed a global speculative mania that has encouraged a proliferation of new cryptocurrencies.” In Carney’s opinion, Bitcoin and other cryptocurrencies are not good for use as short-term stores of value. He also brought an example to justify his claim. “If you had taken out a 1,000-pound student loan in Bitcoin last December to pay your sterling living costs for next year, you’d be short about 500 pounds right now. If you’d done the same last September, you’d be ahead by 2,000 pounds. That’s quite a lottery.

Bitcoin Critic to Crypto Advocate? Carney’s Mixed Signals  

However, there are also records of Carney’s pro-crypto statements and actions. For example, in his time as the governor of Engaland’s Central Bank, he advertised the digital currencies of this institution. He said that these digital assets can increase the accessibility of the bank’s services and products. He also mentioned that these currencies could help in the fight against economic criminals and terrorists.

Between February 2021 and January 2025, this newly elected prime minister also worked as a board member of Stripe. From 2022 to 2024, Carney introduced a number of crypto payment initiatives in his role as a payments processor firm. Maybe Canadian crypto regulations

 will have a better time during Carney’s as the previous prime minister also made some anti-crypto statements. Trudeau had before criticized the opposition leader because of his pro-crypto stance. ”Telling people they can opt out of inflation by investing in cryptocurrencies is not responsible leadership,” He said about Pierre Pollievere.

Regulation or Revolution? New Leadership Impact on Crypto

Mark Carney’s past criticism of Bitcoin suggests possible obstacles for crypto enthusiasts. However, his support for central bank digital currencies and fintech shows a regulated approach to innovation. Stricter oversight could tighten regulations, discouraging risky crypto investments. Yet, his experience with Stripe’s digital payments hints at openness to blockchain integration in mainstream finance. The future depends on his balance between innovation and stability. Whether he enforces strict rules or supports controlled crypto growth, his decisions will shape Canada’s digital economy. Investors and policymakers must stay alert.