Canada Added Cryptocurrencies To Its Emergency Act

Canada added cryptocurrencies to its Emergency Act. Canada enacted the law in question.

Canadian Prime Minister Justin Trudeau announced that the Emergency Act was enacted to counter the ongoing protests across the country. The law, which expands anti-money laundering measures, also affects cryptocurrencies. In addition, although the "Emergency Act" allows the army to be called, Trudeau said that he has no such plans for now. In addition, Canadian Prime Minister Justin Trudeuau made the following statements on the subject: "It's about keeping Canadians safe, protecting people's jobs, and restoring faith in our institutions." Canadian Deputy Prime Minister Chrystia Freeland said banks can immediately freeze or suspend the bank accounts without a court order and without fear of legal liability. In addition, Chrystia Freeland reported that these changes cover all forms of transactions, including digital assets such as cryptocurrencies. If we recall, Tallycoin, a crowdfunding platform built on the Bitcoin Blockchain, had collected more than 20 BTC for truckers in its Bitcoin (BTC) donation campaign in the past weeks.