Despite Justin Trudeau revoking the emergency act in Canada, the case for crypto are increasing

The Prime Minister of Canada has begun to unfreeze multiple bank accounts of the donors and protestors to the Freedom Convoy while these people are turning to Bitcoin for protecting themselves from future interference. According to the CBC news, the Prime Minister of Canada, Justin Trudeau, will repeal the emergency act that has been put in place to freeze the 210 bank accounts of Canadian “Freedom Convoy” protestors and the total amount that has been frozen is US 8 million dollars.

In a televised press conference, Trudeau stated that the situation was not an emergency on February 24. He further stated that the government is confident in keeping people safe using the existing laws and bylaws. Since last month the Freedom Convoy protestors have been blocking the streets, and demonstrations have been put in place to end the Covid restrictions and mandates in front of Ontario’s Parliament Hill for weeks. Trudeau applied the emergency action in order to freeze the bank account of the protesters, and from February 23, the government has started to unfreeze these bank accounts.

When the crowdfunding platforms like GoFundMe and GiveSendGo were blocked by the Canadian government, the protestors started to fundraise through Bitcoin and raised 21 BTC on Tallycoin, which is valued at US 902,000 dollars at the time the event ended on February 15. Then the BTC was moved to a separate wallet with a separate key by the organizers.


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