The Coronation of Canadian Cryptography – Politico

With the help of Derek Robertson

On Saturday, King Charles III was proclaimed King of LondonCryptocurrency backers have been imbibing a different kind of succession in another corner of the Commonwealth.

In Canada, Pierre Poilifri, an outspoken champion of blockchain technology, was elected leader of the Conservative Party, putting him at the head of the opposition to Justin Trudeau’s liberal government.

The 43-year-old said Canadians should have access to Bitcoin as an alternative to the official currency, opposed the development of a central bank digital currency, and announced his intention to make the country a hub for blockchain businesses. In March, Bitcoin used buy shawarma From a restaurant in Ontario, the owners have adopted the digital currency. he is too owns shares of the Canadian Bitcoin ETF, according to his personal financial disclosures.

Poelivri’s rise makes him one of the world’s most prominent political leaders who have embraced cryptocurrency, putting him alongside the likes of El Salvador’s authoritarian President Neb Bukele. It also reinforces the links between crypto and the populist right, which has provided a disproportionate share of support for the technology.

Earlier this year, Poliveri distinguished himself from rivals within his own party by supporting Canadian truck drivers who organized disruptive protests against the country’s strict COVID lockdowns. That episode explained the political consequences of cryptocurrency: when the Canadian government froze bank accounts linked to the protests, supporters of the movement began using cryptocurrency instead.

Positions such as his support for cryptocurrency and truck drivers, as well as his pledge to never send ministers to attend the World Economic Forum in Davos, have allowed Bolivar to channel populist discontent.

But in a country that places great importance on civility, they have also given liberals an opportunity to portray the opposition leader as “reckless”.

“Anyone who followed Mr. Boliever’s advice could have ruined their savings,” Parker Lund, Liberal Party communications director, told DFD, citing the opposition leader’s endorsement of cryptocurrencies.

For English-speaking cryptocurrency backers, Boliveri’s election offers something of a consolation prize after Liz Truss defeated crypto backer Rishi Sunak in last week’s Conservative Party leadership contest to secure her place as UK Prime Minister. (For the new King of the United Kingdom, in 2019, then Prince Charles, after seeming momentarily confused shout questions About the blockchain, he called it “a very interesting development.”)

But those who want to see Canada transform into a crypto haven, will likely wait for their chance. The country’s next federal election, where Polifrey is expected to challenge Trudeau, has not been scheduled until 2025.

As for Poilievre’s place as the child of the crypto-dominant political poster, it should be safe at least until November, when Republican, pro-crypto Senate candidates like 36-year-old Blake Masters in Arizona and 38-year-old JD Vance are in Ohio. Ballot in the US midterm elections, providing them with an opportunity to usurp that title.

Online scams are hard to avoid, Nor could the metaverse be any different.

Recently, a couple of forensic accountants at the University of Quebec in Montreal examined some of the the potential risks On the emerging virtual platform, citing the ease and lack of transparency around it data trackingKnown risks surrounding the integration of Encoders and NFTs In the virtual world, the use of biometric data for Marketing without permission.

They also offer some potential solutions for both government regulators and private actors, including:

  • The Metaverse Law is comprehensive to cover the types of unique transactions and interactions that occur in a virtual space
  • Require private companies to disclose their metaverse risk mitigation efforts
  • Cross-platform regulations that define explicit and shared “community standards” for users
  • Create a more robust whistleblowing mechanism than those currently in technology

Doing (x), but for the metaverse might sound a bit like reinventing the wheel. But with the frequent failures of systems aimed at preventing fraud and other online wrongdoing as they currently exist, it is not surprising that regulators in academia are issuing advance warnings of their next potential recurrence. Derek Robertson

One of Web3’s most touted features is the sense of “community” it fosters, Allowing technologists and like-minded entrepreneurs to build their own digital ecosystems and even forms of corporate governance.

What happens when this goes terribly wrong?

FoxRebecca Jennings reported yesterday on The rise and fall of the “launch house” A co-living space for startup founders, many of whom are in the Web3 space, which quickly turned into a mess and alleged predation. Members of the group alleged sexual harassment and assault; The police visited the property to investigate a physical assault; Community members accused the community’s founders of blatant dereliction of responsibility and oversight. (The launch house denies the allegations.)

Leading venture capital firm Andreessen Horowitz Inc. A $12 million financing round For a launch home in February of this year – a vote of confidence in their ability to build community. The fundamental libertarian promise of a “decentralized” Internet – that it would enable societies to form largely independently of traditional institutional control, govern themselves It is, like our gigantic old liberal social contract, applicable only as those who bear the responsibility for that judgment. Derek Robertson

  • A prototype of the new Meta VR headset has leaked… allegedly Because someone left him in a hotel room.
  • FTC . is obtained more proactive On the regulation of artificial intelligence.
  • The future of self-driving cars may involve Continuous human interaction.
  • Democratic Senators sent a letter to Meta company questioning On how to fight crypto scams.
  • John Deere launches a fleet of self-driving tractors this year.

Stay in touch with the whole team: Ben Scheringer ([email protected]); Derek Robertson ([email protected]); Konstantin Kakays ([email protected]); And the Heidi Vogt ([email protected]). Follow us Tweet embed on Twitter.

Ben Schreckinger covers technology, finance, and policy for POLITICO; He is an investor in cryptocurrency.

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