On Wednesday, Canadian Prime Minister Justin Trudeau repealed the Emergencies Act, nine days after it was invoked, believing tensions had eased.

Emergencies Law

Passed by the Parliament of Canada in 1988, the Emergencies Act authorizes the federal government of Canada to take extraordinary but temporary measures to respond to public welfare emergencies, public order emergencies, international emergencies and emergencies of war.

Trudeau became the first Canadian leader to actually invoke the law since it was first enacted in 1988. In response to the Canadian convoy protests, the Canadian government used the powers of the Emergencies Act to freeze more than 200 bank accounts belonging to protesters. and donors in connection with the Freedom Train.

The total value of the frozen funds was nearly $8 million.

Revoking the Powers of the Emergencies Act

However, in a turn of events this week, the government announced that it was lifting the ban on the affected accounts, believing law enforcement now has the necessary tools to continue to address illegal protesters.

“The information was shared by the RCMP with the financial institutions and we were informed yesterday by the financial institutions that they were unfreezing the accounts”, he said Isabelle Jacques, Deputy Deputy Minister of Finance. She added that putting the cap on 200 accounts does not mean that 200 people were affected, because many individuals operated multiple accounts.

Jacques also clarified that small donors with donations of around $20 were not affected by the freeze.

The accounts were unfrozen at the same time Trudeau announced at a televised press conference that he was revoking emergency powers under the law. On a tweetTrudeau said the situation was no longer an emergency and added that “existing laws and local law enforcement authorities can keep people safe.”

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Today, after careful consideration, we are ending the use of the Emergencies Act. Existing laws and local law enforcement authorities can keep people safe, and we will continue to support provincial and local authorities to protect Canadians.

— Justin Trudeau (@JustinTrudeau) February 24, 2022

Following his invocation following the Freedom Convoy protests that rocked Ontario over the country’s COVID-19 mandates, the prime minister said he was invoking the Act to “restore peace and order” while still ensuring that actions were in line. with the Bill of Rights and Freedom – Canada’s Bill of Rights that guarantees certain political rights to Canadian citizens and civil rights for everyone in Canada.

Cryptocurrency demonstration cry?

The freezing of bank accounts belonging to protesters and donors has triggered a strong response from the cryptocurrency community, serving as a rallying cry for individuals to adopt cryptocurrencies that are beyond the reach of government agencies.

Brian Armstrong, CEO of Coinbase tweeted their concerns about what is happening in Canada, referencing the usefulness of self-custody wallets in “an economically free place like Canada”.

It is important to note that the protesters were blacklisted for raising donations from platforms like GoFundMe and turned to Bitcoin via Tallycoin, raising a total of 21 BTC.

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