Feds launch review of bitcoin's risk to 'monetary sovereignty'

The Department of Finance launched the review on Monday following the Emergencies Act freezing of $7.8 million in 170 bitcoin wallets and 267 bank accounts held by ‘Freedom Convoy’ sympathizers on Feb. 14.

“The digitalization of money, assets and financial services which is transforming financial systems and challenging democratic institutions around the world creates a number of challenges that need to be addressed,” department staff wrote in a notice to potential contractors. “In the last several months there have been a number of high profile examples, both around the world and here in Canada, where digital assets and cryptocurriencies have been used to avoid global sanctions, evade government oversight and fund illegal activities.”Article content

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You mean their ability to control everything like tyrants?

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Feds launch review of bitcoin's risk to 'monetary sovereignty'The risks of bitcoin “to monetary sovereignty” in Canada is going to be studied by Ottawa. What feds “Raising broader risks such as risks to monetary sovereignty and the ability to conduct monetary policy” Given the absolute disaster of the last two years maybe it’s we opt out of plans to “conduct monetary policy”. Bitcoin leads to freedom & stops government corruption
Source: TheTorontoSun - 🏆 23. / 68 Read more »