> Deputy Prime Minister Chrystia Freeland said banks can immediately freeze or suspend bank accounts without a court order and without fear of civil liability.
Freezing bank accounts without courts and oversight? If any country located outside of Western Europe or North America did something like that there would probably be sanctions.
Saying quite a few things here while doing the exact opposite, a lot to digest.
Gives more power to the police to disperse protesters bud says he still believes it’s peoples right to protest.
Gives financial institutions to ability to stop funds, which should scare everyone one, not just the crypto community.
And now all of a sudden crypto currency is an issue because it’s potentially being used to fund protesters? Citing anti money laundering and counter terrorism financing rules?
Seems like they’ve found a way to use the protest to their advantage.
The SEC in America just ruled to cancel block fi interest accounts. May need to look to move. Totally ok for them to print money and inflate the currency but don’t allow people out of the banking system. Every fiat currency around the world is garbage. More bullish on btc
This will only encourage more people to get into crypto. This illustrates exactly how gov, banks, and fiat is used to oppress their own people. Beyond sickening when oppression is accepted and championed. Anyone with even an ounce of self preservation should take pause and at least consider the situation of being basically a financial prisoner in a political system and how that might affect their lives or the lives of their children.
I find it hilarious that certain sections of the population scream “AuThOrItArIaN!!1” when ppl they don’t like are in power, then the second actual authoritarian policies are enacted (as has happened here), they rationalize it or totally go silent on the subject.
This should scare everyone. If you have kept up with this at all you can clearly see these people are not “terrorists”
Yo, parking trucks and honking has disrupted the whole system, and the Canadian government is calling them TERRORISTS and trying to convince the world as such. You guys and gals need to pay close attention to what is going to happen over the next few days..
Shit like this makes me realize how we don’t truly Own anything government can fucking seize everything and if they can’t seize crypto they will seize your phone/PC ability to access it or sell it.
If Trudeau gets away with it, you can bet that other like minded politicians in other so called Democracies will look for ways to do the same within their government framework. Not meant to be political, I say this because if this works, it could very well be the tip of the iceberg for centralized control of crypto in many countries.
Off ramp was always going to be an issue until crypto is more massively adopted and govs accept as tender… only other thing would be to buy pre-paid credit cards or something in small increments over many vendors. Cash was easier to move, digital money regardless is fraught with censorship.
Time to buy a ledger haha
I cite:
“[…] said banks can immediately freeze or suspend bank accounts without a court order and without fear of civil liability.”
Thats why we want crypto
Laughs *in monero*
It’s always “for your own safety”
> Deputy Prime Minister Chrystia Freeland said banks can immediately freeze or suspend bank accounts without a court order and without fear of civil liability.
Freezing bank accounts without courts and oversight? If any country located outside of Western Europe or North America did something like that there would probably be sanctions.
Good luck Trudeau
As we saw in the US following 911 once some of these draconian measures become enacted how long before they become normalized.
Saying quite a few things here while doing the exact opposite, a lot to digest.
Gives more power to the police to disperse protesters bud says he still believes it’s peoples right to protest.
Gives financial institutions to ability to stop funds, which should scare everyone one, not just the crypto community.
And now all of a sudden crypto currency is an issue because it’s potentially being used to fund protesters? Citing anti money laundering and counter terrorism financing rules?
Seems like they’ve found a way to use the protest to their advantage.
The SEC in America just ruled to cancel block fi interest accounts. May need to look to move. Totally ok for them to print money and inflate the currency but don’t allow people out of the banking system. Every fiat currency around the world is garbage. More bullish on btc
Stay safe Canadian fellows
That looks like a face of a “leader” that could use a nice square uppercut.
He’s totally lost it. He’ll be out of office soon.
This will only encourage more people to get into crypto. This illustrates exactly how gov, banks, and fiat is used to oppress their own people. Beyond sickening when oppression is accepted and championed. Anyone with even an ounce of self preservation should take pause and at least consider the situation of being basically a financial prisoner in a political system and how that might affect their lives or the lives of their children.
I find it hilarious that certain sections of the population scream “AuThOrItArIaN!!1” when ppl they don’t like are in power, then the second actual authoritarian policies are enacted (as has happened here), they rationalize it or totally go silent on the subject.
Farmers can sell food for bitcoin directly
He is such a dickwad
Gonna be a long 8 years to 2030
For ppl saying you can’t stop crypto, they plan to block crypto fiat conversion..
Don’t panic — it’s just 15 days of fascism to slow the protest.
It doesn’t matter which side you support, this is tyranny
This should scare everyone. If you have kept up with this at all you can clearly see these people are not “terrorists”
Yo, parking trucks and honking has disrupted the whole system, and the Canadian government is calling them TERRORISTS and trying to convince the world as such. You guys and gals need to pay close attention to what is going to happen over the next few days..
Is this for real? They’re trying to cut off supply of money to people because they’re protesting? Is this normal for Canada? What is this lol
A new precedent has been set
I’m going to be laughing my ass off when it happens to the people agreeing with this.
All that’s left if full scale revolution..
When the government engages in such power grabs, they usually keep them. It will be interesting to see if this is temporary. Or not.
Another liberal seizing at any power they can.
Shit like this makes me realize how we don’t truly Own anything government can fucking seize everything and if they can’t seize crypto they will seize your phone/PC ability to access it or sell it.
If Trudeau gets away with it, you can bet that other like minded politicians in other so called Democracies will look for ways to do the same within their government framework. Not meant to be political, I say this because if this works, it could very well be the tip of the iceberg for centralized control of crypto in many countries.
As a Canadian, I’m so done with this country… ffs
Imagine living in Canada and not withdrawing most of your savings from the Banks.
The great fiat exit is near.
Does Trudeau know that hes not Xi jinping?
>”banks can immediately freeze or suspend bank accounts without a court order and without fear of civil liability.”
this validates the dangers of fiat that crypto advocates have been speaking of for over a decade. why leftists want to ban crypto so much
This isnt going to end well for westerns “democratic” leaders.
Separation from money and state is necessary.
Off ramp was always going to be an issue until crypto is more massively adopted and govs accept as tender… only other thing would be to buy pre-paid credit cards or something in small increments over many vendors. Cash was easier to move, digital money regardless is fraught with censorship.
What’s actually happening to crypto in Canada?
Dive in our corporate dystopia. Water’s fine, democracy is just random letters.
Government: why do these peasants all demand Cypriot?!?!
Government: *does something that reinforces why people want crypto*
Does DEX / Cold Wallets solve this problem?