As it became known, on behalf of the Prime Minister of Canada, the Law on Emergency Situations was repealed. The situation is gradually stabilizing The Ministry of finance has decided that financial institutions should start unblocking accounts.
Earlier, the protesters` crypto accounts were blocked by the authorities. Assets amounting for approximately several million of dollars were frozen. At the same time, unfreezing of assets does not mean that the authorities will leave the cryptocurrency sphere without close attention.
The crypto turnover in Canada will continue to be controlled. Now the authorities are ready to take urgent measures to amend the legislation that concerns the verification of transactions with cryptocurrencies. According to them, the new system for virtual currency transaction verification will help to fight against money laundering. The similar measures are being taken by other countries for which it is important to prevent cybercriminals and fraudsters from using crypto.
