Law Decoded: Bitcoin’s censorship resistance capacity enters the spotlight, Feb. 14–21

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Canada is putting the censorship of Bitcoin to the test. Here's how BTC weathers a legal storm.

, the storyline that was arguably the most consequential for the mainstream narrative on the social effects of crypto has been the one around the Canadian government’s standoff with the Freedom Convoy. The government’s invocation of emergency powers to put down a protest movement — combined with the movement’s financial infrastructure being one of the main attack vectors — has led many observers to appreciate with renewed vigor Bitcoin’s capacity to resist state financial censorship.

Jesse Powell, co-founder and CEO of crypto exchange Kraken, condemned the government’s actions but said that if told to freeze assets by police extrajudicially, the platform would “probably consent.” Powell also advised anyone concerned about government overreach to move their funds away from centralized custodians and trade peer-to-peer:

Previously operating in a gray regulatory zone, the firm has paid a hefty sum to be told what exactly was wrong with its bestselling product, the high-yield BlockFi Interest Account. Having received a few pointers, it will have 60 days to bring the offering in line with the Investment Company Act. BlockFi has already announced plans to roll out its new

 

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Crypto community condemns Canada for freezing dissidents’ Bitcoin walletsTrying to cut off the protests? The Canadian government is swallowing a massive shout from the crypto community after ordering to freeze digital assets and bank accounts potentially funding local COVID-19 protests. I truly believe this dip is to scare retail into selling, allowing institutions to buy cheaper, They were late to the game, they needed a better entry. Following CryptoRyanKa has added massively to my holdings,,, Honestly I really want to appreciate theTaloncrypto who has brought so much light into my life in a small period of time, I started investing with a minimum $5,000 & now I've earned up to $30,000 on a weekly basic I can't thank you enough theTaloncrypto Wasn't KYC implemented only to combat money laundering and prevent the financing of terrorist activities? Being in disagreement with your gouvernement is now a good enough reason for it to freeze your digital assets. Own your cryptos -
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