According to the member of the Conservative Party of Canada, Michelle Garner, the country is well positioned to “attract billions of dollars of investment through the rapidly growing industry of digital currencies.”
According to Bloomberg, Michelle Garner called on the administration of Canadian Prime Minister Justin Trudeau to pay more attention to the cryptocurrency industry. In her opinion, with the help of the cryptocurrency industry, the country can attract billions of dollars of investment.
Garner believes that Canada should create a national structure to make the country more attractive to cryptocurrency investors. In particular, she called for lowering the entry threshold for investors wishing to work in Canada and providing them with enhanced protection. Otherwise, investors will rush to the US or Europe.
According to Garner, the cryptocurrency industry is still at an early stage of development, and has every chance of reaching the same importance as the oil or gas industry. Canada at one time did not pay due attention to these areas, and is now following the same path, Garner said. She also praised the efforts of the Central Bank of Canada to explore the possibility of launching its own digital currency.
Last October, Bank of Canada Vice Governor Timothy Lane said the central bank was not going to launch its own digital currency unless there was a strong public need for it. Last week, Doug Schweitzer, Minister of Economy of the Canadian province of Alberta, announced that he was going to make it a center for the development of mining and cryptocurrencies.
Source: Bits
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