Canada's Emergency Act Targeting Cryptocurrencies

 

Markets Insider: Canada targets crypto donations to protestors after Trudeau invokes Emergencies Act to quell anti-government demonstrations 

* Prime Minister Justin Trudeau invoked the Emergencies Act in response to Canadian trucker protestors. 

* The government also expanded anti-money laundering and counter-terrorist financing rules to include crowdfunding and crypto. 

* The move comes after Canadian truck protestors raised more than $1 million in bitcoin. 

Canadian Prime Minister Justin Trudeau invoked the Emergencies Act on Monday in response to the truck drivers protesting pandemic mandates in Ottawa, and included in the response is more scrutiny into cryptocurrency donations and fundraising for protestors. 

The move comes after the truckers, who have blocked bridges critical to international trade, raised more than $1 million in bitcoin before the organizers closed their fundraising page. Under the Emergencies Act, the government can use its power to freeze or suspend bank accounts without a court order or liability, among other things.  

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Canada's Emergency Act Targeting Cryptocurrencies  

Canada's Trudeau Enacts Emergencies Act, and Crypto Is Included -- Coin Desk  

Trudeau Says He'll Freeze Bank Accounts; Crypto Fans Point to Bitcoin -- CryptoBriefing  

Canada’s Trudeau invokes Emergencies Act to include crypto transactions -- Finbold  

Crypto Caught in Crossfire as Canada’s PM Trudeau Invokes Emergencies Act -- PYMNTS.com