As reported by BitGlobalOne, Canada’s Deputy Prime Minister and Finance Minister announced in a conference that banks in the country could be asked to immediately freeze or suspend bank accounts of individuals in the country as the “truck driver protest” against Canada’s COVID-19 restrictions continues.
Chrystia Freeland officially responded to listeners: “We are expanding the scope of Canada’s anti-money laundering and anti-terrorism financial regulations to cover the crowdfunding platforms and payment systems they use. These changes cover all forms of transactions, including digital assets such as cryptocurrencies.”
Unsurprisingly, the last statement will be of the greatest concern to many of the country’s crypto enthusiasts.
Freeland justified the government’s position by stating:
“The illegal blockades have exposed the fact that crowdfunding platforms and some of the payment service providers they use are not fully covered by existing anti-terrorism legislation.”