Protesters migrate to crypto fundraising platform following GoFundMe ban
GoFundMe axed the “Freedom Convoy Campaign” after some protesters became violent, so organizers turned to the Bitcoin fundraising platform Tallycoin instead. Truckers protesting the COVID-19 vaccine mandate in Canada have turned to Bitcoin-based crowdfunding platform Tallycoin, following a barrage of mounting political pressure from all sides that culminated in GoFundMe axing their “Freedom Convoy Campaign.”GoFundMe pulled the campaign and $9 million in donations with it on Feb. 4 in response to reports of violence, which it claimed broke its terms of service. Initially, donors needed to....
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The broadened scope of the Terrorist Funding rules includes crypto transactions to protesters and gives the government the power to freeze bank accounts. Canadian Prime Minister Justin Trudeau has invoked the Emergencies Act, which gives him the power to freeze Freedom Convoy protesters’ bank accounts and monitor “large and suspicious transactions,” including crypto.Deputy Prime Minister Chrystia Freeland said in a press conference on Feb. 14 that this latest tactical maneuver against the protesters broadens the scope of Terrorist Financing rules. It targets “crowdfunding platforms and the....
Bitcoin’s advantages to worthy fundraising drives is in the spotlight again, after crowdfunding site GoFundMe removed a campaign that included a Bitcoin donation address. Reasons for Suspension. GoFundMe later reinstated the campaign – a restaurant training and employment program for youth in Uganda – but only after references to Bitcoin were removed....
The Freedom Convoy has resorted to bitcoin donations after GoFundMe shut down its initial fundraising campaign.
GoFundMe does not operate in some countries, nor do they let Africans withdraw funds from the platform. Bitcoin remains a topic of substantial debate and lots of opposition. Despite the advantages cryptocurrency offers when it comes to crowdfunding, very few platform shave integrated cryptocurrency support. GoFundMe suspended a campaign which had a Bitcoin address listed, as it allegedly violated their terms of service. GoFundMe Doesn’t Like Bitcoin. It has to be said; crowdfunding platforms do not take kindly to Bitcoin. If they did, companies such as Indiegogo and Kickstarter would have....
The protests in Canada and the subsequent turn to cryptocurrencies to fund protesters continue to rage on. Prime Minister Justin Trudeau recently evoked the Canada Emergencies, which has had serious ramifications for some of the protesters. As the Canadian government prepares to freeze accounts said to belong to protesters in the Freedom Convoy, CEO of […]