Tue Feb 22, 2022 – 4:44 pm EST
OTTAWA (LifeSiteNews) — A company that stores cryptocurrencies in digital wallets told a Canadian court that it cannot freeze truckers’ Bitcoin donations because it is a “software provider, not a custodial financial intermediary.”
Replying to an injunction from the Ontario Superior Court of Justice, Nunchuk.io said it could neither freeze nor disclose information about the truckers’ assets since it does not hold information beyond email addresses as a “self-custodial, collaborative multi-sig Bitcoin wallet.”
“We do not collect any user identification information beyond email addresses. We also do not hold any keys,” the company stated in response to the injunction. “Therefore, we cannot ‘freeze’ our users’ assets. We cannot ‘prevent’ them from being moved. We do not have knowledge of ‘the existence, nature, value, and location’ of our users’ assets. This is by design.”
A group of Canadian Bitcoin enthusiasts using the moniker “HonkHonk Hodl” used cryptocurrency crowdfunding website Tallycoin to raise more than 21 Bitcoin, worth an estimated $1 million Canadian dollars, for the Freedom Convoy.
The group wrote on Tallycoin that “legacy financial infrastructure can sometimes be politicized and clamped down upon, whereas Bitcoin is a truly censorship-resistant
The remainder of this article is available in its entirety at LifeSite News
The views expressed in this news alert by the author do not directly represent that of The Christian Journal or its editors