The Federal Court of Canada, under Justice Mosley, ruled that the invocation of the Emergencies Act was ultra vires. It was deemed an abuse of power, discriminatory, unconstitutional, beyond legal authority, unlawful, and illegal.
150
$17.7 million was put towards this initiative, and despite there being a large portion of Canadians objecting to this move, the Liberals have alluded to their CBDC plans in the 2023 budget, but far quieter this time.
150
It should not be a surprise that so many socialist countries (like China) and world leaders are leading the charge toward the adoption of Central Bank Digital Currency (CBDC). By definition, a socialist wants to socialize the economy around the state, and one great way of doing that is having the central bank take over the backend of your citizens’ bank accounts.
150
In a paper published by Payments Canada back in 2021, they admit that a lot of the perceived negatives for Canadians’ privacy posed by Central Bank Digital Currency (CBDC) are seen as a positive by the Canadian government.
150
Can anyone really afford to wait 10 minutes, minimum, when buying coffee at Tim Hortin’s? The idea is ridiculous and although Bitcoin was built with the aim of replacing the fiat system until recently it was incapable of filling all the roles the fiat dollar system filled in society. That is, until the advent of the Lightning Network.
150
While the new law doesn’t recognize Bitcoin as legal tender as it in nearby El Salvador and in the Central African Republic earlier this week, Panama did legally recognize Bitcoin and other ‘cryptos’ in a move to provide common-sense regulatory clarity for the fledgling industry.
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It almost goes without saying that some of these cryptocurrencies/NFTs are so unstable in value that The Bahamas government must obviously want payment in the most stable and secure cryptocurrency, which is Bitcoin.
150
Less than a week after appearing as a speaker at the 2022 Bitcoin Conference in Miami, promising to forward legislation recognizing Bitcoin as legal tender in Mexico, Mexican Senator Indira Kempis has forwarded legislation to push for CBDC adoption in Mexico.
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On a recent episode of The Pomp Podcast, accredited investor and Bitcoin community influencer Anthony Pompliano created a stir by saying “… central bank digital currencies [CBDCs] will likely be one of the greatest violations of human rights in history.”
150
A well written report. Thanks for your effort. It raises awareness.
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