OTTAWA (LifeSiteNews) — The Liberal Canadian Finance Minister’s budget includes an investigation into cryptocurrency while also compelling crowdfunding sites to report “suspicious transactions.”
Mirroring some of the financial actions taken under the Emergencies Act, the budget that Finance Minister Chrystia Freeland announced yesterday said a “legislative review” into cryptocurrency will be launched on top of the implementation of stricter regulatory measures on crowdfunding sites and payment processors.
“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 cryptocurrencies have been used to avoid global sanctions and fund illegal activities,” the government wrote, explaining the reason for the review into cryptocurrency while referencing the Freedom Convoy protest against government-imposed COVID mandates that took place in Ottawa earlier this year.
“This increased capacity will enable FINTRAC to implement new anti-money laundering and anti-terrorist financing requirements for crowdfunding platforms and payment service providers; support the supervision of federally regulated financial institutions; continue to build expertise related to virtual currency, modernize its compliance functions; and update its financial management, human resources, intelligence and disaster recovery systems,” added the government on the topic of crowdfunding sites and payment processors.
Both the review into cryptocurrency and regulations placed on crowdfunding platforms were rolled out to a certain degree under the Emergencies Act, which was invoked in February for the first time in Canadian history by Prime Minister Justin Trudeau as a method of cracking down on the Freedom Convoy protesters.
At the time of the EA, Freeland stated that many of the financial measures taken by the federal government would be made permanent, leaving yesterday’s announcement of the two new measures largely unsurprising.
Nevertheless, Freeland’s expansion of government control over the financial activities of citizens has left many people concerned with the direction the country is headed, particularly in light of her membership in the World Economic Forum, the group behind the “Great Reset” agenda.
While often painted as a “conspiracy theory,” multiple prominent Canadian political figures, including Conservative Party leadership candidate Pierre Poilievre, have raised concerns about the ties Liberal Party Cabinet members, including Freeland, have to the WEF, and what these ties mean for the future of the country.
“… the World Economic Forum, which the finance minister [Freeland] joins, which says that in 2030 … “You will own nothing and you will love it … That is the agenda of these people,” Poilievre said in parliament in July 2021, referencing the WEF’s Great Reset agenda tagline that says by 2030 “You’ll own nothing and you’ll be happy.”
“Maybe that’s why over the last year they have done everything in their power to make housing completely unaffordable, so nobody can afford it except them … ” Poilievre added in his statement.
In an op-ed for the mainstream National Post, economic and international relations expert Rupa Subramanya wrote that “Chrystia Freeland’s side gig with the WEF is endangering Canadian democracy,” adding, “There’s no need to invent conspiracy theories. The attempt by global elites to subvert local democracy is fully on and in plain view.”
The Great Reset is a radical socialist plan designed by global elites that “seeks to ‘push the reset button’ on the global economy” and establish a radical New World Order that seems to closely emulate many aspects of the Chinese Social Credit System. The WEF openly meets once a year in Davos, Switzerland, to orchestrate its plans for the future.