Deputy Prime Minister and Finance Minister Chrystia Freeland announced that measures are being taken to curtail the funding of the ongoing anti-mandate Trucker convoy protests, which includes both crowdfunding platforms as well as digital assets and cryptocurrency.
“In invoking the Emergencies Act, we are announcing the following immediate actions: first, we are broadening the scope of Canada’s anti-money laundering and terrorist financing rules so that they cover crowdfunding platforms and the payment service providers they use,” said Freeland.
“These changes cover all forms of transactions including digital assets such as cryptocurrencies. Illegal blockades have highlighted the fact that crowdfunding platforms and some of the payment service providers they use are not fully captured under the Proceeds of Crime and Terrorist Financing Act,” she said.
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