For the first time, Canada has enacted a state of the emergency bill: all accounts financing protests will be arrested
The Emergencies Act makes it possible to block private and corporate accounts without prior investigations or court orders. Account seizures will also affect those who transferred money in cryptocurrency.
According to CNN, the law was passed in 1988 but has never been applied. Today, authorities want to use it to disperse the protests, which started at the beginning of January. At that time, Canadian truckers declared Freedom Convoy, moving to the country's capital, and blocking the traffic. They complain about the two-week obligatory quarantine when they leave for the U.S., which prevents them from working efficiently, causing them to stay idle all the time. The local police have been passively trying to stop the protests over the past month. However, the manifestations have not calmed down.
According to Canadian Finance Minister Chrystia Freeland, the law allowed financial institutions to block or suspend any account if they suspect it is being used to finance protests. Since then, a number of digital payment and cryptocurrency donation sites, such as GoFundMe, GiveSendGo, and Tallycoin, have suspended their operations.