Canadians has been shaken by violent protests as a result of its rigorous COVID 19 rules. To cope with ‘rogue’ protesters, the country invoked the National Emergency Act, but it also gave the government the ability to flout critical financial protocols. Without a court warrant, the government can access and freeze bank accounts. As a result, Canadians are going BTC, and notable personalities and authorities are scrutinizing the government.
Following its decisions to regulate ongoing trucker protests, the Canadian government is under pressure to bring order to the situation. The government elected to use the National Emergency Act, which grants officials unbridled control over citizens. Without a court order, the Act permits police to monitor and block bank accounts used to support protests.
The government has demonstrated its ruthlessness by detaining many drivers and suspending their bank accounts. Citizens in Canada are withdrawing their funds from banks in order to avoid a freeze, as per the country’s rigorous restrictions. People all throughout the world have been watching the governments’ moves.
Many people have changed their minds about Bitcoin and the decentralization of economies as a result of the protests. On Monday, the author of Ruby on Rails and the Ruby on Rails framework tweeted that he was no longer a BTC skeptic.
The Danish programmer explained that he had been against the business since 2010 in a blog post headlined “I was mistaken, we need crypto.” He expressed his concerns about climatic impact, excessive power consumption, fraud, transaction fees, and the lack of a real-world need for decentralization.
However, the tables have turned, and he now recognizes the necessity for economic decentralization.
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