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Bitcoin wallet companies offer priceless response to giddy Canadian deputy PM’s call to freeze accounts

February 20, 2022 | | Print Article

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The Canadian government’s frighteningly heavy-handed moves to crush the Freedom Convoy and exert the most painful punishment against protesters by ruining them financially has inadvertently made the case for cryptocurrencies like Bitcoin.

Last week, a positively giddy Deputy PM Chrystia Freeland confirmed that those who donated to the protests using crowdfunding platforms like GoFundMe and GiveSendGo could expect to have their bank accounts frozen under the Emergencies Act that was put into place by Prime Minister Justin Trudeau, who acted in a dictatorial manner to seize control without the debate from the Canadian Parliament.

“The names of both individuals and entities as well as crypto wallets have been shared by the RCMP with financial institutions and accounts have been frozen and more accounts will be frozen,” the giggly Deputy PM said, “crowdfunding platforms and payment service providers have started the registration process with FINTRAC,” referring to Canada’s national financial intelligence agency.

 

She added, “In terms of the specifics on whose accounts are being frozen, you now have the regulations, the financial service providers have those regulations as well, and they, working with law enforcement will be making the operational decisions.”

But Freeland who is also a member of the board of trustees for Klaus Schwab’s World Economic Forum despite the obvious conflicts of interest had the smirk wiped off of her face when one Bitcoin wallet company responded to the Ontario Superior Court on the order to freeze the accounts of its customers.

Bitcoin wallet company Nunchuk posted its letter on the court’s injunction to Twitter on Friday.

“Nunchuk is a self-custodial, collaborative-multisig Bitcoin wallet. We are a software provider. not a custodial financial intermediary,” the company wrote, “Our software is free to use. It allows people to eliminate single points of failure and store bitcoin in the safest way possible, while preserving privacy.”

“We do not hold any keys. Therefore, we cannot freeze our users’ assets. We cannot prevent them from being moved. We do not have knowledge of the existence, nature, value and location of our users’ assets. This is by design.”

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The company also threw in a stinging bit of snark with an epic zinger.

“Please look up how self-custody and private keys work. When the Canadian dollar becomes worthless, we will be here to serve you too,” a thinly-veiled suggestion that Canada’s use of financial institutions to wage war on dissent isn’t likely to engender faith in the national banking system.

In another tweet, the company added, “Speaking of which, we will add a non-email login option and make it a priority in our roadmap.”

Another Bitcoin wallet company, Edge also responded to Freeland’s demand.

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(Image: Edge webpage screengrab)

Twitter users reveled in the company’s reactions to the Trudeau regime’s financial despotism.

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The unprecedented use of measures designed for actual terrorist groups like al Qaeda and ISIS against ordinary citizens is the best advertisement for cryptocurrencies possible and such tyrannical actions by the Canadian government will only result in widespread distrust of the “public-private partnership,” especially a financial system that allows itself to be weaponized by bad actors.

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Chris Donaldson
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