Justin Trudeau has vowed to ban cryptocurrencies in Canada after Canadians began rising up earlier this year and used cryptocurrencies to support the Freedom Convoy protests.
This week, Trudeau’s Department of Finance launched a review called the Financial Sector Legislative Review On The Digitalization of Money. The purpose of the review is to assess the risks to “monetary sovereignty” posed by cryptocurrencies such as Bitcoin.
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“The digitalization of money, assets and financial services which is transforming financial systems and challenging democratic institutions around the world creates a number of challenges that need to be addressed,” the department warned in a notice to potential contractors.
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.
Sean Adl-Tabatabai
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cryptos are a dirty trick. they were created by the central banks. that is my fear. stick with Gold
Like andy cipollo
They need to start calling him by his real name – Justin Castro.
Hate speech unprotected
He’s colouring his hair, his eyebrows have been shaped, he’s wearing mascara and make up. And who is controlling his image legally so that only “glamour shots” are allowed to be published? He doesn’t look like that.
Soon, Trudodo will catch on to the u.s. communist demoncrat plan to cancel its currency and use crypto currency exclusively so they can flick the switch.
He will be gone from office much, much sooner than that.
He’s been installed by the Queen, he’s going nowhere.
The honest population has much to say about that.
I honestly hope they can change it.
just more dictatorial orders from his majesty and king of all shit_ Trudeau
He acts like one of those decadent 18th century French regents–just before the revolution.
How does he plan on doing this? The only way I know of is by severely restricting the internet as they do in China and North Korea. Two birds with one stone.