In response to Canadians who rose up earlier this year and utilized cryptocurrency to support the Freedom Convoy protests, Justin Trudeau has pledged to outlaw cryptocurrencies in Canada.
A review titled Financial Sector Legislative Review On The Digitalization of Money was launched this week by the Trudeau administration’s department of finance. The review’s goal is to evaluate the threats that cryptocurrencies like Bitcoin pose to “monetary sovereignty.”
The government issued a warning to prospective contractors about the issues posed by the digitalization of money, assets, and financial services, which is changing financial systems and posing a threat to democratic institutions worldwide.
Reclaimthenet.org reports: The notice did not mention the “Freedom Convoy” protests earlier this year. The government used the Emergencies Act to freeze $7.8 million held in 267 bank accounts and 170 crypto wallets owned by supporters of the protests.
“In the last several months there have been a number of high profile examples, both around the world and here in Canada, where digital assets and cryptocurrencies have been used to avoid global sanctions, evade government oversight and fund illegal activities.
“Raising broader risks such as risks to monetary sovereignty and the ability to conduct monetary policy; competition risks if economic power becomes concentrated in issuers; environmental risks due to power consumption; and illicit finance risks including sanctions circumvention, money laundering, cybercrime and tax evasion.”
The deadline for the report is 2024 and it is not yet clear the amount of money that will be spent on the review.
THIS GUY IS A BIG A TOOL AS BIDEN……….WHERE DO THEY COME FROM????????
That one came from Fidel Castro’s loins…
I guess he doesn’t have anything better to do than harass his citizens. Well Canadians, we all pick losers from time to time. When we do it cost us our freedoms and our money. We have many in the U.S called Democrats/liberals.
Canada has voting communists in as long as california, ya Get what ya ask for!!!
TruDOLF is not my prime minister! He is a disgrace! He belongs in shackles in a prison cell. ????????
King Pretty Boy.
Flip your hair now.
God is getting ready to take him, Macron and Australia’s PMs out of office, according to the prophets!
Someone needs to take Junior out already