Canada’s ‘freedom convoy’ raises $800,000 in bitcoins (BTC)

$800,000 in bitcoins for Canadian truckers

The ” freedom convoy canadian continues to be talked about and gain momentum, making headlines around the globe.

To show their support, supporters of the movement had initially opened a kitty via the GoFundMe crowdfunding sitethus collecting more than $10 million. But the funds were frozen by the platform last week, before finally being donated to the various donors, the movement being inappropriate with the general conditions of the site.

A second fundraising campaign has been opened on the GiveSendGo platform to take over, reaping in turn $8.6 million at the time of this writing.

But a third crowdfunding was launched via the Tallycoin platform with the aim of reaching 21 BTC in donations. It is done today, since 21.24 BTC have been identifiedwhich equals more than $800,000 at current price.

The movement, which first began as a protest against compulsory vaccinations for truckers wishing to cross the border into the United States, evolved as an opposition to health restrictions due to the Covid-19 pandemic.

Initially launched in Canada, the revolt seems to have won the rest of the world. Indeed, a convoy of the same order is expected tomorrow in Paris, and others are also organized in Belgium, Australia and New Zealand.

? To read on the same subject: The Wikimedia foundation could soon refuse cryptocurrency donations

Support from the cryptocurrency community

On January 27, Elon Musk, CEO of Teslaalso the richest man in the world and known in cryptocurrency circles for his impact on the price of Dogecoin (DOGE), claimed his support for the Canadian movement via Twitter :

Canadian truckers rule

— Elon Musk (@elonmusk) January 27, 2022

He adds below CB radios are independent of media and government control. “. He also responds to a user’s comment: Freedom is torn away piece by piece until it finally disappears. »

Jesse Powell, the CEO of the Kraken exchange platformalso supported the protest movement with a donation of more than 100 million Satoshisor about $43,000 at the current price:

Donations collected in bitcoin are sent to a multi-signature wallet held by 5 different people including the bitcoin holder Greg Fossthe author Jeff Booth and the CEO of Bull Bitcoin Francis Pouliot. The funds are already being used to meet the fuel and water needs of truck drivers in particular.

Bitcoin, a solution to escape political control?

We will refrain here from commenting on the validity or not of the movement, but it remains interesting to note the possibilities offered by Bitcoin and more broadly by cryptocurrencies. to face censorship or at least political decisions.

The best example is that of WikiLeaks, since the organization had been prohibited from receiving donations made by Visa, Mastercard or Paypal following the dissemination of sensitive documents. To continue to exist, it had no choice but to set up cryptocurrency donations through its website.

Given the magnitude of the movement of truckers around the world, it will be interesting to see to what extent the donations made in Bitcoin will make it possible to circumvent the various legislations and legal obstacles.

Cryptocurrency donations have already been democratized for several years. During the year 2020, it was possible to send donations in crypto assets in order to fight the fire that ravaged Australia.

Last year, the American Cancer Society (ACS) had set up a special fund for donations made in cryptocurrency. Later in the year it is the american republican party which also announced in turn accepting donations made in digital assets to fight the Democratic Party.

? To follow the news around the regulation of cryptocurrencies