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Trudeau revokes emergencies act powers but the case for crypto grows

2022/02/24 07:27

Prime Minister of Canada Justin Trudeau has announced he will repeal emergency powers used to freeze $8 million from 210 bank accounts connected to Canadian ‘Freedom Convoy’ protestors, according to CBC news. On Feb. 24, Trudeau stated in a televised press conference that “we’re ready to confirm that the situation is no longer an emergency” and said that his special powers granted by the Emergencies Act would end. He added: “We are confident that existing laws and bylaws are now sufficient to keep people safe.” Isabelle Jacques, assistant deputy minister of finance, told a committee of MPs: "The vast majority of accounts are in the process of being unfrozen, subject to any new information that the RCMP may have,” she said, referring to the Royal Canadian Mounted Police.
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