Ontario Government Freezes Millions More in Donations to Freedom Convoy- PipsHunt
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, “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).
Latest Posts
Stock Futures Extend Declines after Hot Inflation Print
Caitlin Long's Wyoming Crypto Bank Takes a Step Toward Fed Membership
Tampa Bay home auctioned off as first real estate NFT
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. I
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.
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.
Claimed In 2022 Three Most Effective Trading Indicators for Forex Traders |
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.”
-cointelegraph.com