Discussion · Government Orders
Steven MacKinnon Liberal
“Canada has very strict rules on political donations, and corporations and unions cannot give money directly to candidates. People can use cryptocurrency to break these rules. This bill bans cryptocurrency from being used to fund our elections or candidates.”
“Mr. Speaker, Canadians need to know that we have one of the most successful and most rigorously managed election contribution systems in the world. It is completely transparent and strictly limited with respect to donation amounts, and it is one that does not permit corporations, unions or others to participate directly in the financing of political parties or of candidates. Cryptocurrency, and its rise, has obviously presented, in the context of those very efficient and well-run systems, as in other areas such as money laundering and the like, ways of getting around the laws. We have taken measures in the bill to make sure that cryptocurrency would play no part in the funding of our political process or of candidates.”
Mr. Speaker, Canadians need to know that we have one of the most successful and most rigorously managed election contribution systems in the world. It is completely transparent and strictly limited with respect to donation amounts, and it is one that does not permit corporations, unions or others to participate directly in the financing of political parties or of candidates. Cryptocurrency, and its rise, has obviously presented, in the context of those very efficient and well-run systems, as in other areas such as money laundering and the like, ways of getting around the laws. We have taken measures in the bill to make sure that cryptocurrency would play no part in the funding of our political process or of candidates.