Tue Apr 12, 2022 – 5:28 pm EDT
OTTAWA, Ontario (LifeSiteNews) – Canada’s 2022 budget, announced last week by Liberal Party Canadian Finance Minister Chrystia Freeland, includes text saying the government will look into the “potential need” for the country to have a type of “central bank digital currency.”
On page 214 of the budget, under chapter nine titled “Tax Fairness and Effective Government,” in the subsection “Addressing the Digitalization of Money,” the text reads that the government will “examine, among other factors: how to adapt the financial sector regulatory framework and toolbox to manage new digitalization risks.”
As part of this, the review will examine how “to maintain the security and stability of the financial system in light of these evolving business models and technological capabilities; and the potential need for a central bank digital currency in Canada.”
Freeland’s budget will also explore, as previously reported by LifeSiteNews, regulating cryptocurrency as well as requiring crowdfunding sites to report “suspicious transactions.”
After Prime Minister Justin Trudeau enacted the Emergencies Act in February to shut down the truckers of the Freedom Convoy, the government froze the personal bank accounts and digital wallets of some Canadians.
The Liberal
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