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Trudeau Invokes Emergencies Act to End Freedom Convoy Protests — Canada’s Terrorist Financing Rules Now Cover Crypto

Trudeau Invokes Emergencies Act to End Freedom Convoy Protests — Canada’s Terrorist Financing Rules Now Cover CryptoThe 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 […]

$384,000,000 To Be Handed To 191,000 Victims of Banking Giant’s Illegal Practices: Consumer Financial Protection Bureau

Trudeau Warns Truckers Government Will ‘Respond With Whatever It Takes,’ 2 Freedom Convoy Crypto Fundraisers Reach Goals

Trudeau Warns Truckers Government Will ‘Respond With Whatever It Takes,’ 2 Freedom Convoy Crypto Fundraisers Reach GoalsThe truckers Freedom Convoy in Canada continues even after Canadian Prime Minister Justin Trudeau has warned the truckers the government is ready to “respond with whatever it takes.” Furthermore, an Ontario judge on Friday ordered protestors to end the blockade at Ambassador Bridge, and TD Bank gave around a million dollars donated to the Freedom […]

$384,000,000 To Be Handed To 191,000 Victims of Banking Giant’s Illegal Practices: Consumer Financial Protection Bureau

Ontario government freezes millions more in donations to Freedom Convoy

The second attempt to block funds from reaching the truckers through a traditional fundraising platform has resulted in more donations being made in Bitcoin.

The Ontario Provincial government in Canada has been granted an order from the Superior Court of Justice to freeze millions of dollars in donations on the GiveSendGo platform from reaching the Freedom Convoy protesters.

This is the second time the truckers have been denied access to funds since GoFundMe froze $10 million in donations last week and later refunded donors following a backlash.

The latest attempt to defund the protest pertains to donations made to the “Freedom Convoy 2022” and “Adopt-a-Trucker” pages on the GiveSendGo fundraising platform. As of Thursday, “Freedom Convoy 2022” had raised $8.4 million and “Adopt-a-Trucker” had received $686,000.

The Post Millennial writer Ian Miles Cheong tweeted today:

“Bitcoin fixes this… They’d have to make cryptocurrency illegal in Canada.”

Benjamin Dichter, one of the organizers of the fundraiser, agreed with Cheong. He tweeted today that, “This is good for Bitcoin.”

A group of supporters earlier formed the HonkHonk Hodl organization specifically to help the convoy raise funds in Bitcoin. As of the time of writing, the group had raised 21 BTC ($902,000).

Bitcoin payment processor OpenNode wrote last year that the BTC payment solution is a viable alternative for people who have been censored by traditional payment methods.

“One of the benefits of Bitcoin is its censorship resistance. Without any central authority to dictate who can and can’t use Bitcoin, it has proven to be the currency of choice for many individuals and organizations who have been left out of traditional payment methods.”

OpenNode wrote that accepting BTC donations spreads awareness of Bitcoin among donors and receivers, and encourages adoption.

Related: Protesters migrate to crypto fundraising platform following GoFundMe ban

However there is debate over whether the Ontario government is able to freeze the funds. GiveSendGo tweeted today that a Canadian government has no control over how funds are managed on its U.S. based platform. The company assured protestors that: “All funds for EVERY campaign on GiveSendGo flow directly to the recipients of those campaigns.”

However, Toronto Sun political columnist Brian Lilly pointed out that even though GiveSendGo is based in Boston, the Canadian court order prevents any Canadians from accessing the funds. He said “Withdrawing it in the US and sending it here would be a violation.”

$384,000,000 To Be Handed To 191,000 Victims of Banking Giant’s Illegal Practices: Consumer Financial Protection Bureau

Freedom Convoy Continues, Trudeau Begs Protestors to Stop, Fundraiser Raises $542K in Bitcoin

Freedom Convoy Continues, Trudeau Begs Protestors to Stop, Fundraiser Raises 2K in BitcoinDuring the last week, a large number of truckers are still occupying the streets of Ottawa protesting the vaccine mandates. On Monday, Canadian Prime Minister Justin Trudeau begged protestors to stop the demonstration and said “It has to stop.” Meanwhile, after Gofundme shut down the Freedom Convoy’s fundraiser, crypto advocates have raised 12.41 bitcoin worth […]

$384,000,000 To Be Handed To 191,000 Victims of Banking Giant’s Illegal Practices: Consumer Financial Protection Bureau