If Bill C-22 passes, here's what changes for Canadian crypto traders
- Exchanges and wallet providers could be classified as electronic service providers and forced to build surveillance backdoors
- P2P trade conversations on Signal, Telegram, WhatsApp subject to metadata retention for up to a year
- VPN providers may be forced to log data or leave Canada entirely
- Coinkite (Coldcard) already planning to leave Canada if it passes
- Minister can issue surveillance orders in secret, no public disclosure required
- Bill C-25 running alongside it would ban crypto donations to federal campaigns entirely
- A backdoor for law enforcement is a backdoor for hackers and foreign states too