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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.
Deputy PM Chrystia Freeland: "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." pic.twitter.com/iA69DbRJl1
— True North (@TrueNorthCentre) February 17, 2022
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.
Yesterday, the Ontario Superior Court of Justice sent us a Mareva Injunction, ordering us to freeze and disclose information about the assets involved in the #FreedomConvoy2022 movement.
Here is our official response. pic.twitter.com/iuxliXhN5y
— nunchuk_io (@nunchuk_io) February 19, 2022
“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.”
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.”
Speaking of which, we will add a non-email login option and make it a priority in our roadmap.
— nunchuk_io (@nunchuk_io) February 19, 2022
Another Bitcoin wallet company, Edge also responded to Freeland’s demand.
(Image: Edge webpage screengrab)
Twitter users reveled in the company’s reactions to the Trudeau regime’s financial despotism.
Canada: We're gonna freeze your private Bitcoin wallet.#Bitcoin: 😅😂👉🤡👈😂😅
— Bitcoin Archive 🗄🚀🌔 (@BTC_Archive) February 19, 2022
I really am shocked how aggressively Canada is in its efforts to show the world why #Bitcoin was created.
You can’t freeze it. You can’t censor. You can’t collect information on your political opponents. This is freedom money.
— Dennis Porter (@Dennis_Porter_) February 19, 2022
LMAO All Hail the Magic Conch! https://t.co/uIiAWeCEVl
— Sweet Corn Supremacist ∞/21M (@LAKNATULLOVE) February 20, 2022
Not convinced that the canadian govt hasn't been overthrown by a communist yet? https://t.co/aMK7bycHCi
— 🇺🇸 ℧₦ﾑℂ⒞ℇ₱₮ⓐℬℒ℮🐰Ɯѧßβiȶ 🇺🇸 (@WaskelweeWabbit) February 19, 2022
Is this the equivalent of a court ordering Louis Vuitton to freeze all the cash in Louis Vuitton handbags/purses around the world and provide the info of every person who purchased one of their products?
— GamifyMyWorld (@GamifyMyWorld) February 19, 2022
That’s how you do it!! https://t.co/KtqvAne6xH
— NotTheCriticThatCounts (@Man_In_TheArena) February 19, 2022
This is… GOLD.https://t.co/OVSR7XKeL0
— Schadenfreudelish (@aggierican) February 19, 2022
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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