Note that cryptocurrencies for donations are used quite often. The reason for this is the decentralised nature of digital assets. This means that no one can prohibit their transfers, unless they are sent from centralised platforms like cryptocurrency exchanges. In addition, the cost of conducting transactions is usually significantly lower than bank transfers – and especially international ones. Because of this, coins are often helpful in helping others in any part of the world.

Despite the benefits of cryptocurrencies, they sometimes find themselves at the centre of scandals. For example, in January 2022, representatives of the non-profit Wikimedia Foundation proposed that cryptocurrency donations for Wikipedia should cease. The reason for this preliminarily was concerns about the environmental impact of the miners of various coins. In the end, however, representatives of the organization decided to continue to engage with the crypto. Read more about this story in a separate article.

Cryptocurrency users

How cryptocurrencies help the world

According to Decrypt’s sources, Canadian Deputy Prime Minister Chrystia Freeland said this at a press conference. Here’s the politician’s rejoinder outlining the government’s stance.

We are expanding anti-money laundering and anti-terrorism regulations to include crowdfunding platforms and the payment systems they use.

Canadian Deputy Prime Minister Chrystia Freeland

According to Freeland, such restrictions will also apply to cryptocurrencies. And all in order to cut off funding for the so-called “Freedom Convoy” – a protest movement of truck drivers who are massively blocking roads in Canada, drawing the attention of authorities to their demands.

Freedom Convoy previously had a page on the GoFundMe platform where anyone could send a donation. However, on February 4, the page was shut down by the administrators of the service under pressure from the Canadian government. Because of this, truckers have been forced to turn to alternative methods of funding – and that includes Bitcoin.

So how is the government going to “cut off” the flow of cryptocurrency to protesters? Under the terms of the Emergency Act, crypto firms and banks that deal in digital assets can be restricted. However, officials will not be able to “shut down” the Bitcoin network, so in this case those wishing to do so can simply send coins directly to protesters. This is another argument in favour of decentralisation and independence of the cryptosphere from traditional assets.

Canadian Prime Minister Justin Trudeau

Meanwhile, globally around the world, the number of cryptocurrency users is growing. Specifically, according to Glassnode, the number of Etherium addresses with at least 0.1 ETH in an account has set a new all-time high of 3,978,224 units. This indicates a high level of acceptance of digital assets – and not just Bitcoin. This will make it very difficult for the Canadian government to contain the influx of crypto funds, so the huge potential of digital assets is easier to come to terms with.


We believe this situation was the best reminder of the benefits of cryptocurrencies. Today, however, the authorities' willingness to block the bank accounts of undesirable citizens without any prior transactions is absurd, and such a decision would only anger locals and reduce trust in officials and banks at the same time.

At the same time, decentralised assets like Bitcoin, Etherium and other coins cannot be blocked. So they will continue to do the bidding of their full-fledged owners and attract the attention of people who support the ideals of freedom.