Emergencies Act Invoked by French Prime Minister to target Crowdfunding and Crypto funding being raised by Freedom Convoy Protestors
“The French Prime Minister Justin Trudeau has invoked the Emergency Act for the first time in Canadian history after its inception in 1988. The move was undertaken to freeze the Bank accounts of the Freedom Convoy protestors who are protesting for the removal of Covid-19 protocols in the country. The Emergencies Act now provides the government an extensive power to block the financial funding to the protestor’s bank accounts including funding through the crowd as well as crypto.”
For the first time in the history of Canada, the Emergencies Act has been invoked after the law was passed in 1988 by French Prime Minister Justin Trudeau. While announcing the invocation, the Prime Minister said “This is about keeping Canadians safe, protecting people’s jobs, and restoring faith in our institutions”. The move came after the circulating news of the freedom convoy protestors raising money for the protest through crowdfunding platforms and crypto platforms.
According to the Prime Minister, the Emergencies Act gives the Government power to call for army deployment but it will not be the case here and the applications of the act will be temporary and specific targeting only the financial agendas of the protestors. The French Government has now the power to freeze the bank accounts of the protestors without court orders and the fear of civil liabilities.
It was found that the protestors have raised over $19 Million in funds from various crowdfunding platforms and crypto platforms. Though these funds are now blocked and have not reached the protestors, some funds have already reached the accounts of the protestors, and hence, there is a requirement to freeze these accounts. The Canadian Civil Liberties Association contended today that the Prime Minister has overstepped his authority by invoking the Emergencies Act. It said, “The federal government has not met the threshold necessary to invoke the Emergencies Act.”