Ontario Seizes More Millions from the Trucker Fundraiser, Crypto Donations Surge

While cryptocurrencies are allowed in Canada, the government does not consider them as legal tenders, unless they are issued by the Royal Canadian Mint. With that being said, it doesn’t mean that it is illegal to receive or send digital assets. 

Therefore, amidst the government halting their GoFundMe, the Freedom Convoy chose to raise funds on Tallycoin, with over 21 BTC (about $920K) raised at the time of writing this article.

Did you know?

Want to get smarter & wealthier with crypto?

Subscribe - We publish new crypto explainer videos every week!

What is Fantom? | Animated FTM Explainer

SUBSCRIBE

ON YOUTUBE

Meanwhile, Ontario’s Provincial government urged the GiveSendGo crowdfunding platform to refrain from sending any funds to the truckers. 

The platform clapped back at the statement on Twitter, arguing that Canada has "zero jurisdiction" to tell GiveSendGo how to distribute the raised funds. Also, one user pointed out that the platform is based in Boston so the Canadian government should have no rights on seizing the funds.

However, Brian Lilley, who is a political columnist for the Toronto Sun, stated that it would be illegal to withdraw the raised funds in the United States, and send them to the truckers in Canada. 

The GiveSendGo platform had raised over $9M, and the earlier fundraiser on GoFundMe managed to rake in $10M for the truckers in Canada. With both of these fundraisers frozen, this puts the Freedom Convoy at over $20M worth of setbacks in total.

With some people not very fond of the trucker protests, one Twitter user argued that even though people may "disagree on the causes”, a digital asset such as Bitcoin “is a great way to be unshackled from fiat’s governing systems."

Aaron S., Editor-In-Chief

Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.

Full Bio

All Expert Contributors & Analysts