Vitalik Buterin: The Way Canada Deals With Protests Is Heavy-Handed

19.02.2022 20:08
by Nina Petrov
1 min read

Speaking for Coindesk at the ETHDenver conference, Vitalik Buterin, the founder of Ethereum, said he doesn’t support the way the Canadian government deals with the ongoing truck driver protests.

Commenting on the decision of the Canadian Prime Minister to invoke the Emergencies Act and allow banks to freeze protesters’ accounts, Buterin said that the power governments have to interfere with the flow of funds is the very reason why cryptocurrencies came into being.

In a series of recent events, the protesters responded to blocked accounts by raising cryptocurrency donations, provoking the government to update the current Anti-Money Laundering and Counter-terrorist laws, making crypto assets subjects to these laws.

Buterin, a Russian-born who grew up in Canada, also said that truck drivers are breaking the law and harming the economy by blocking the roads, but that doesn’t mean financial pressure is the solution to the problem. According to him, by using heavy-handed solutions instead of following the laws, the Canadian government denies people the right to defend themselves and pushes them towards DeFi. 

In that context, Buterin believes crypto technology to be restorative rather than lawless, because it gives people back their rights.

Author

  • Nina Petrov is a theoretical mathematician, passionate about new trends in the global economy and blockchain technology. She is a devoted content creator and editor, crypto-enthusiast and stock market analyst.

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