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House Hansard - 35

44th Parl. 1st Sess.
February 20, 2022 07:00AM
Context: House Hansard - 35 - Feb/20/22
Mrs. Jenna Sudds
  • Feb/20/22 1:27:29 p.m.
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Madam Speaker, on the financial measures that are being put in place, I believe we have broadened the scope of Canada's anti-money laundering and terrorist financing rules so they cover crowdfunding platforms and their payment service providers, including digital assets such as cryptocurrencies. The government is issuing this order, effective last week, so Canadian financial institutions are able to temporarily seize those funds as they are suspected to contribute to the occupations.
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Context: House Hansard - 35 - Feb/20/22
Ms. Elizabeth May (Saanich—Gulf Islands, GP)
  • Feb/20/22 2:39:08 p.m.
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Mr. Speaker, I wonder if my hon. colleague from Vancouver East would agree that while the Emergencies Act might be required here, and I have still not decided how I am going to vote, it would be far better if there were precision around such things as how banking regulations will be used and what kind of financial support is required before a government would intervene and freeze a bank account. That is still a wide-open question. I am sure there is an answer somewhere, but we have not had it.
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Context: House Hansard - 35 - Feb/20/22
Mrs. Julie Vignola (Beauport—Limoilou, BQ)
  • Feb/20/22 4:36:52 p.m.
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Madam Speaker, I would like to stay on the topic of the financial measures. I was reading the order and its requirements. It talks about financial monitoring and accounts getting frozen. All of that is already part of the existing Criminal Code, but what about cryptocurrency? If that is the only element that is not in the Criminal Code, was it really worth proceeding with the Emergencies Act, instead of quickly passing a bill to include cryptocurrency as personal property that can be seized in the event of illegal transactions, as the member said?
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