Canada Emergencies Act Declares War Vs Crypto And Freedom Convoy Protesters
Prime Minister Justin Trudeau has invoked the Canada Emergencies Act, a law that allows the government to freeze the bank accounts of protesters without the necessity for a court order. This will be the first time the law is enforced. The Ontario Provincial Police and the Royal Canadian Mounted Police are reportedly aiming to freeze […]
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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 […]
The Canadian government has invoked the Emergencies Act to deal with the Freedom Convoy protests, said Prime Minister Justin Trudeau. The scope of Canada’s anti-money laundering and terrorist financing rules is also broadened to cover crowdfunding platforms and “all forms of transactions, including digital assets such as cryptocurrencies.” Canadian Government Invokes Emergencies Act Canadian Prime Minister Justin Trudeau announced Monday that “the federal government has invoked the Emergencies Act to supplement provincial and territorial capacity to address the....
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....
The Canadian PM has also begun to unfreeze many of the bank accounts of protestors and donors to the Freedom Convoy who are turning to Bitcoin to protect them from future interference. Prime Minister of Canada Justin Trudeau has announced he will repeal emergency powers used to freeze $8 million from 210 bank accounts connected to Canadian ‘Freedom Convoy’ protestors, according to CBC news.On Feb. 24, Trudeau stated in a televised press conference that “we’re ready to confirm that the situation is no longer an emergency” and said that his special powers granted by the Emergencies Act would....
Canada’s prime minister, Justin Trudeau, has ended the use of the Emergencies Act invoked last week to deal with the Freedom Convoy trucker protest. The Canadian police have also instructed financial institutions to unfreeze accounts previously frozen. “The situation is no longer an emergency, therefore the federal government will be ending the use of the Emergencies Act … We are confident that existing laws and bylaws are sufficient,” said the prime minister. Trudeau Ends Emergencies Act Canadian Prime Minister Justin Trudeau announced Wednesday that he is....