{"id":8310,"date":"2022-07-01T20:00:00","date_gmt":"2022-07-01T20:00:00","guid":{"rendered":"http:\/\/ci02a520758000247d"},"modified":"2022-07-01T20:00:00","modified_gmt":"2022-07-01T20:00:00","slug":"bitcoin-revolution-chaos-canada-day","status":"publish","type":"post","link":"https:\/\/bitcoinmagazine.com\/culture\/bitcoin-revolution-chaos-canada-day","title":{"rendered":"Quiet Revolution Bubbles Below Chaos of Canada Day 2022 Celebrations"},"content":{"rendered":"
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Canadians owning bitcoin <\/em>jumped<\/em><\/a> to 13%, up from 5% in the last year according to the Bank of Canada.<\/em><\/p>\n

On Canada Day 2022, it appears that the Canadian government\u2019s war on its people continues with a huge police presence on Parliament Hill enforcing nonsensical rules like no shouting<\/a> or flag waving<\/a>.<\/p>\n

Tamara Lich, an organizer with the Truckers Freedom Convoy was rearrested<\/a> on June 27 for violating her parole conditions when she spoke with another organizer at a dinner celebrating her award during a ceremony in Toronto put on by the Justice Centre for Constitutional Freedoms, a legal organization and registered charity.<\/p>\n

Unlike previous years Canadians will celebrate Canada Day today, July 1, with the recent memory of a government that used extraordinary legal measures including freezing peoples bank accounts to end a peaceful protest. It\u2019s been almost six months since the Canadian government brought in the Emergencies<\/a> Act (with the help of the socialist party NDP) to put an end to the peaceful protest by truckers on Parliament Hill. Under the financial measures in this legislation, more than 200 individual personal bank accounts holding about $7.8 million were frozen according<\/a> to a finance department spokesperson.<\/p>\n

In addition, on February 17, an Ontario Superior Court judge used a \u201crare legal maneuver,\u201d a Mareva<\/a> injunction, to freeze millions of dollars in financial donations including bitcoin to the Truckers Freedom Convoy.<\/p>\n

The Mareva order restricted<\/a> convoy leaders including Lich, Nicholas St. Louis, Benjamin Dichter and their fundraisers from \u201cselling, removing, dissipating, alienating, transferring, assigning\u201d up to $20 million in assets raised from donors around the world.<\/p>\n

As Bitcoin Magazine <\/em>reported<\/a> earlier this year, the Truckers Freedom Convoy raised about $1 million in bitcoin donations through a fundraising platform, Tallycoin.<\/p>\n

St. Louis, who goes by the name NobodyCaribou on Twitter, was able to redirect bitcoin funds raised through Tallycoin to individual truckers just in time. A modern-day hero, he was later detained<\/a> by police and forced to hand over his bitcoin seed phrases.<\/p>\n

Unintended Effects Or How A Government Unintentionally Fast Forwarded Bitcoin Adoption<\/h2>\n

The idea that the Canadian government could freeze people\u2019s bank accounts for not agreeing with government policy was a shock for many and left a chill in the air even after winter was over.<\/p>\n

In a recent report<\/a>, the Bank of Canada said that 13% of Canadians now own bitcoin, up from 5% the year before. This is an outstanding jump and likely an undercount.<\/p>\n

In an interview<\/a> with Reuters, a seemingly panic-stricken Bank of Canada Senior Deputy Governor Carolyn Rogers said that the number of Canadians owning crypto assets is growing rapidly and efforts to regulate are not keeping pace.<\/p>\n