Some Canadians are considering relocating to Bitcoin-friendly El Salvador because they are concerned that the Canadian government would restrict their freedom. Some are even eager to exchange their Canadian dollars for bitcoins.
This sentiment was expressed when the Canadian Parliament accepted Prime Minister Justin Trudeau’s decision to utilize rarely-used emergency powers to quash pandemic-related protests in Ottawa.
Earlier, ‘Freedom Convoy’ protestors alleged that their personal and corporate bank accounts had been stopped, as well as the seizure of their trucks. This countermeasure, according to the Canadian Parliament, aims to reduce protest funding.
Some Canadians are so concerned about this that they are considering relocating to El Salvador, a country that continues to garner headlines as a “Bitcoin Haven.”
While Canada is busy enacting its Emergency Powers Act in response to the Freedom Convoy, El Salvador is well on its way to implementing a smart city that is entirely dependent on the use of Bitcoin as a cryptocurrency.
El Salvador became Bitcoin legal tender last year, and the country’s GDP increased as a result of the historic crypto acceptance. El Salvador’s President, Nayib Bukele, recently indicated that the government would grant foreign investors citizenship.
This measure aims to enhance the country’s economy by attracting unorthodox finance, a hint to his promise that investors who invest in El Salvador’s proposed crypto fund will have their citizenship processes expedited.
Where do fearful Canadians wishing to relocate to Bitcoin City enter the picture?
Canada is another country where cryptocurrency has gained traction. And, given the recent happenings in the North American country, individuals are likely to travel to the Central American country.
One Twitter user even sought assistance from El Salvador’s President:
@nayibbukele does El Salvador accept political refugees from Canada seeking to leave the Trudeau regime?
Asking for a friend who donated $50 to truckers and now cannot buy food or gas because his accounts are frozen
Would convert all $CAD to bitcoin and bring his sats with him— ₿ diplomat (@NobodyCaribou) February 22, 2022
As of this writing, the tweet had received over 129 retweets and 1k likes.
Bukele has already criticized the Canadian government’s effort to monitor financial transactions, which Canada thinks could exacerbate the country’s demonstrations.
He wrote on Twitter:
Are these the people who like to give lessons to other countries about democracy and freedom?
This is one of the top ranking countries in the “democracy index”?
Your credibility on these topics is now worth 0.pic.twitter.com/wCjh9bXwDt— Nayib Bukele 🇸🇻 (@nayibbukele) February 15, 2022
While Canadians are considering relocating to El Salvador because of its crypto-friendly atmosphere, the country’s current state of chaos will not deter citizens from fleeing. Many expect President Bukele to welcome these foreigners, as more investments would increase the country’s crypto funding.