Ontario government freezes millions more in donations to Freedom Convoy

Share This Post

The second attempt to block funds from reaching the truckers through a traditional fundraising platform has resulted in more donations being made in Bitcoin.

The Ontario Provincial government in Canada has been granted an order from the Superior Court of Justice to freeze millions of dollars in donations on the GiveSendGo platform from reaching the Freedom Convoy protesters.

This is the second time the truckers have been denied access to funds since GoFundMe froze $10 million in donations last week and later refunded donors following a backlash.

The latest attempt to defund the protest pertains to donations made to the “Freedom Convoy 2022” and “Adopt-a-Trucker” pages on the GiveSendGo fundraising platform. As of Thursday, “Freedom Convoy 2022” had raised $8.4 million and “Adopt-a-Trucker” had received $686,000.

The Post Millennial writer Ian Miles Cheong tweeted today:

“Bitcoin fixes this… They’d have to make cryptocurrency illegal in Canada.”

Benjamin Dichter, one of the organizers of the fundraiser, agreed with Cheong. He tweeted today that, “This is good for Bitcoin.”

A group of supporters earlier formed the HonkHonk Hodl organization specifically to help the convoy raise funds in Bitcoin. As of the time of writing, the group had raised 21 BTC ($902,000).

Bitcoin payment processor OpenNode wrote last year that the BTC payment solution is a viable alternative for people who have been censored by traditional payment methods.

“One of the benefits of Bitcoin is its censorship resistance. Without any central authority to dictate who can and can’t use Bitcoin, it has proven to be the currency of choice for many individuals and organizations who have been left out of traditional payment methods.”

OpenNode wrote that accepting BTC donations spreads awareness of Bitcoin among donors and receivers, and encourages adoption.

Related: Protesters migrate to crypto fundraising platform following GoFundMe ban

However there is debate over whether the Ontario government is able to freeze the funds. GiveSendGo tweeted today that a Canadian government has no control over how funds are managed on its U.S. based platform. The company assured protestors that: “All funds for EVERY campaign on GiveSendGo flow directly to the recipients of those campaigns.”

However, Toronto Sun political columnist Brian Lilly pointed out that even though GiveSendGo is based in Boston, the Canadian court order prevents any Canadians from accessing the funds. He said “Withdrawing it in the US and sending it here would be a violation.”

Read Entire Article
spot_img
- Advertisement -spot_img

Related Posts

Bitcoin Price Headed For $35,720? Why Muted Volume Could Trigger Major Crash

Alan Santana, a crypto analyst on TradingView, has predicted that the Bitcoin price could potentially experience a drastic decline to new lows around $35,720, driven by muted buying volume The

Latam Insights Encore: Brazil Can Lead the Way to Full BRICS De-Dollarization

Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and cryptocurrency news from last week In this edition, we examine the recent movements by Brazil to

Stacks Activating Nakamoto Upgrade In 8 Days, Will STX Break $2?

Stacks Network, the Bitcoin layer-2, is one of the largest DeFi protocols on the world’s most secure platform DeFiLlama says the platform manages over $109 million worth of assets It continues

Tron (TRX) on the Verge of All-Time High? Daily Chart Insights

The post Tron (TRX) on the Verge of All-Time High Daily Chart Insights appeared first on Coinpedia Fintech News Amid the ongoing price correction across the cryptocurrency market, Tron (TRX) has

Stripe acquires stablecoin platform Bridge for $1.1 billion

Payments giant Stripe has acquired stablecoin platform Bridge for a total amount of $11 billion, more than 5x its $200 million valuation, according to an Oct 21 annnouncement The acquisition is part

Russian Crypto Miner, Sovereign Fund Aim for Global AI Leadership

Bitriver, a Russian data mining company, has partnered with the Russian Direct Investment Fund (RDIF) to expand data center infrastructure and AI projects across BRICS countries The goal is to boost