Sovereignty incident · inc-2022-ca-emergencies-act
Canada: account freezes under the Emergencies Act
A public order emergency was declared throughout Canada on 14 February 2022. The Emergency Economic Measures Order, registered on 15 February 2022, required banks, credit unions, insurers, trust and loan companies, securities dealers, crowdfunding platforms and payment service providers to cease dealing in property of persons designated under it, including making funds or virtual currency available to them. Financial institutions froze at least 257 accounts, including bank and corporate accounts and credit cards, and 170 bitcoin wallet addresses were disclosed. The declaration was revoked on 23 February 2022.
- When
- to
- Jurisdictions
- Canada
- Kinds
- Freeze
What happened
The incident begins.
The incident ends.
Forms of money
Who was affected: Persons designated under the order in connection with the convoy blockades, and the holders of the frozen accounts. The order applied to the listed financial institutions; cash held by the persons themselves was outside its scope.
Forms of money affected
Forms of money not affected
Each form of money links to the Money in everyday life matrix, which compares their properties with sources.
Sources
Sources: Government of Canada, Department of Justice, Emergency Economic Measures Order (SOR/2022-22); Government of Canada, Department of Justice, Proclamation Revoking the Declaration of a Public Order Emergency (SOR/2022-26); Public Safety Canada, Parliamentary committee notes: Study: Occupation of Ottawa and the Federal Government's Response to the Convoy Blockades (25 February 2022)