The Canadian provincial government of Ontario has been ordered on the behalf of the Superior Court of Justice to halt millions of dollars donated over the GiveSendGo venue to the protesters of Freedom Convoy. This count to be the second time for truckers that they are experiencing a blockage in their access to the donated funds as nearly $10M in donations has been frozen and refunded to the respective donors on the behalf of GoFundMe during the previous week after the donors compelled the platform to return them.
The new effort to provide funds to the respective protest takes account of the donations targeting Adopt-a-Trucker as well as Freedom Convoy 2022 over the fundraising platform called GoFundMe. On Thursday, an amount of nearly $8.4M had been raised by Freedom Convoy and a valuation of $686,000 had been collected by Adopt-a-Trucker. Ian Miles Cheong (a writer from Post Millennial) shared a post on the official Twitter account thereof stating that Bitcoin would resolve the problem. He added that authorities would need to prohibit crypto to deal with the matter.
One among the fundraiser’s organizers – Benjamin Dichter – endorsed the viewpoint of Cheong. In his tweet, he mentioned that the situation is suitable for Bitcoin. A team of people previously created an organization named HonkHonk Hodl (particularly concentrating on assisting the convoy in collecting BTC funds).
At present, a cumulative valuation of almost 21 BTC ($902,000) has been raised by the group. OpenNode (a processor of Bitcoin payments) noted in 2021 that the payment solution of Bitcoin is an adequate substitute for people having been prohibited in terms of the conventional payment methods.
One of the several advantages provided by BTC is related to censorship resistance. In the absence of a central administration specified to determine who is to and who is not to utilize BTC, it has turned out to be a preferred currency for several organizations as well as individuals who have been kicked out from the conventional methods of payments. It was disclosed by OpenNode that embracing Bitcoin donations makes the receivers as well as the donors aware of the primary crypto.
Nonetheless, considerable debate has been done on whether the government of Ontario has enough potential to freeze the respective funds. A Twitter post shared by GiveSendGo asserted that the government does not have the authority to determine the method of the US-based venue’s fund management.
The post Ontario Provincial Government Has Frozen Millions Of Dollars In Crypto Donations appeared first on CryptocyNews.com.
from CryptocyNews.com https://www.cryptocynews.com/ontario-provincial-government-has-frozen-millions-of-dollars-in-crypto-donations/
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