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Member of Parliament

Adam Chambers

  • Member of Parliament
  • Member of Parliament
  • Conservative
  • Simcoe North
  • Ontario
  • Voting Attendance: 68%
  • Expenses Last Quarter: $121,028.17

  • Government Page
Context: House Hansard - 107 - Oct/4/22
Mr. Adam Chambers
  • Oct/4/22 1:02:59 p.m.
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  • Re: Bill C-30 
Mr. Speaker, I follow some of the financial markets, like my fellow colleague. I am not sure that members of the Conservative Party have said that cryptocurrency is going to solve inflation. If we say that Canada should be a destination for fintech revolution, I would welcome that. Let us remember what is happening around the world and why some people use cryptocurrency. We can look at countries like Venezuela and Argentina where inflation is incredible. Those people have turned to cryptoassets as a hedge against inflation. Yes, the amount has come down in some cases by 10% or 20% or even 30%, but if we look at what is happening to inflation in those countries we see that those people are losing purchasing power at upward of 50% in some years.
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