Part 7/8:
In the backdrop of these political and economic discussions, technology remains a pivotal factor. O'Leary underscored the role of private sector innovation in overcoming challenges and enhancing economic functionality. He highlighted a growing interest in digital currencies, identifying platforms like Circle as potential harbingers of change in the payment systems landscape. He argued that laying down parameters for a compliant digital currency harms the public sector's slow-moving nature.
Moreover, O'Leary expressed optimism that Canadian financial institutions might soon adopt Bitcoin trading, which would further involve innovative technologies in economic processes and potentially solidify Canada’s financial landscape.