OTTAWA --
An anti-money laundering knowledgeable says trying to cease funds going to protesters blockading Parliament Hill and several other border crossings is like enjoying a recreation of whack-a-mole.
Matthew McGuire says the order lately accredited by an Ontario court docket to freeze hundreds of thousands raised by means of GiveSendGo will likely be efficient at the very least briefly in stopping these funds flowing into organizers' palms.
Nevertheless, he says nothing can forestall one other marketing campaign from popping up, which might current the identical problem for governments and police.
To this point, round US$8.8 million has been raised by means of a marketing campaign web page on GiveSendGo, a Christian fundraising platform, and greater than $700,000 has rolled in by means of one other web page on the web site.
The campaigns have been rapidly put collectively final week after GoFundMe cancelled an earlier fundraiser that had gathered greater than $10 million, as soon as the web site decided the protest in Ottawa had become an "occupation."
McGuire says it is no surprise convoy organizers are turning to cryptocurrency like Bitcoin to generate funds as a result of it is decentralized.
Prime Minister Justin Trudeau says he spoke with U.S. President Joe Biden this morning in regards to the affect of overseas cash in funding this "criminality."
This report by The Canadian Press was first revealed Feb. 11, 2022.
An commercial for Bitcoin is displayed on a constructing in Hong Kong, on Nov. 18, 2021. (AP Photograph/Kin Cheung, File)
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