Charles Hoskinson Makes a Case for Crypto Amid Canadian Martial Law
Table of contents
The Act allows the use of the military, but may not necessarily lead to that, and Trudeau said the government is not bringing them in. But it can temporarily suspend citizens' rights to free movement or assembly. And the government is taking steps to stop the financial support of illegal protests.
Charles Hoskinson Underlines The Significance of Crypto's Decentralized Structure
With the Emergency Act giving financial institutions the power to freeze personal or corporate accounts, cryptocurrencies have become more important than ever. The Cardano blockchain founder seemed to be highlighting the decentralized structure of cryptocurrencies and making a case in their favor by asserting the control that they give people over their money.
An Unprecedented Move
The Emergencies Act has been invoked for the first time since it became law in 1988 to blunt the impact of the "Freedom Convoy" protests.
The rallies began when a group of truckers moved into Canada's capital on January 29, clogging streets surrounding the Parliament building and elsewhere in downtown Ottawa to protest against a new mandate that requires them to be fully vaccinated when crossing the Canadian-US border or face a two-week quarantine.
They have been joined in Ottawa and at border stops and cities across the nation by others who want an end to other Covid-19 mitigation measures, like mask mandates, lockdowns, and restrictions on gatherings. However, the government says that the protestors are a vocal minority. Almost 80% of the country's population is fully vaccinated, including 90% of the truck drivers who can cross the border.