Originally published at: https://peakprosperity.com/daily-digest/a-bill-to-ban-cbdcs-in-canada/
The Canadian Conservative Party is rallying support for Bill C-400, which aims to ban the creation of a central bank digital currency (CBDC) and ensure cash remains the primary means of settling debts. Sponsored by Conservative MP Ted Falk, the bill passed its first reading in June 2024 and is awaiting its second reading. Falk emphasizes the importance of physical cash for millions of Canadians, including vulnerable populations and remote communities, and highlights cash as the only truly anonymous form of payment. The bill proposes a national framework to guarantee access to cash, amends the Currency Act to limit the finance ministerâs power to recall banknotes, and seeks to prohibit the creation of a digital dollar. Despite public opposition to a digital dollar, the Bank of Canada has already filed a trademark for a digital currency. Conservative leader Pierre Poilievre has pledged to halt any implementation of a digital currency if elected prime minister, emphasizing the importance of protecting cash and privacy.
In another development, the former CEO of Heartland Tri-State Bank in Kansas, Shan Hanes, was sentenced to over 24 years in prison for embezzling $47 million, which he sent to cryptocurrency wallets controlled by scammers in a âpig butcheringâ scheme. This scam led to the collapse and FDIC takeover of the bank, one of only five U.S. banks that failed in 2023. Hanes also stole funds from a local church, an investment club, and his daughterâs college savings account, believing he needed more money to unlock supposed returns on his investments. However, he never profited and lost all the stolen money. Hanes began making transactions to buy cryptocurrency in December 2022 after being contacted by an unidentified co-conspirator on WhatsApp. He soon resorted to stealing from various sources and making large wire transfers from the bank to accounts controlled by the scammers. The Office of the Inspector General of the Federal Reserve System reported that Heartland Tri-State employees bypassed internal controls to approve Hanesâ wire transfers.
In the United States, several members of the Secrete Serviceâs Pittsburgh Field Office have been placed on administrative leave, while agents from Trumpâs permanent protective detail remain on duty, reportedly causing internal dissent.
Additionally, the gunman who nearly killed former President Trump last month used encrypted messaging accounts on platforms based in Belgium, New Zealand, and Germany. This information was revealed by Rep. Mike Waltz, a member of a congressional task force investigating the assassination attempt. Waltz questioned why a 19-year-old health care aide, Thomas Matthew Crooks, needed such encrypted platforms, suggesting it complicates law enforcement efforts. Waltz criticized the FBI and Secret Service for not releasing information promptly, emphasizing the ongoing threat from entities like Iran. He also mentioned a foiled plot involving a Pakistani national who hired hitmen to target Trump and other U.S. officials. The FBI is set to brief the task force, which Waltz hopes will shed light on the security failures at the July 13, 2024, rally. During the rally, Crooks fired at the main stage, grazing Trumpâs ear, killing attendee Corey Comperatore, and wounding two others. Investigations are being conducted by the FBI, Secret Service, and the Department of Homeland Security Office of Inspector General.
Sources
Canadian Conservatives Rally Against Central Bank Digital Currency with Bill C-400
âBan central bank digital currency, protect your freedom to use cash, and get the government out of your wallet.â
Source | Submitted by Walberga
Secret Service Agents Placed on Leave Following Trump Assassination Attempt
Secret Service leaders have placed several members of the Pittsburgh Field Office on administrative leave, according to three sources in the Secret Service community.
Source | Submitted by AaronMcKeon
Ex-Bank CEO Falls for Crypto âPig Butcheringâ Scam, Embezzles $47M, Gets 24-Year Sentence
âThe former CEO of a small Kansas bank was sentenced to more than 24 years in prison for looting the bank of $47 million â which he sent to cryptocurrency wallets controlled by scammers who had duped him in a âpig butcheringâ scheme that appealed to his greed, federal prosecutors said.â
Source | Submitted by Shplad
Rep. Waltz Reveals Trump Shooter Used Encrypted Accounts in Germany, Belgium, and New Zealand
âWe still havenât learned a lot. We havenât learned that much about those overseas accounts,â he said, referring to accounts held by would-be assassin Thomas Matthew Crooks. âWe do know that they were in, if I get this correctly, Belgium, New Zealand and Germany.â
Source | Submitted by ArmyAviator75