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@ISIDEWITHQuestionsNational securityStarted 2yrs agoActive 6mos ago

Should the government ban its citizens from using cross-border payment methods (like crypto) to send money to relatives in OFAC sanctioned countries (Palestine, Iran, Cuba, Venezuela, Russia, and North Korea)?

Cross-border payment methods, such as cryptocurrencies, allow individuals to transfer money internationally, often bypassing traditional banking systems. The Office of Foreign Assets Control (OFAC) sanctions countries for various political and security reasons, restricting financial transactions with these nations. Proponents argue that such a ban prevents financial support to regimes considered hostile or dangerous, ensuring compliance with international sanctions and national security policies. Opponents argue that it restricts humanitarian aid to families in need, infringes on personal freedoms, and that cryptocurrencies can provide a lifeline in crisis situations.

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Response rates from 4.3k Canada voters.

41%
Yes
59%
No

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Other Popular Answers

Unique answers from Canada voters whose views went beyond the provided options.

 @B4NGYDDfrom Ontario  answered…1yr1Y

No, but instate limits to how much can be sent and more closely monitor transactions to sanctioned countries.

 @B6ZR72Rfrom Alberta  answered…8mos8MO

no if its for finatchal need and help then its finr but if the mouny is for any other reson then yes

 @B6ZQ7W5from Alberta  answered…8mos8MO

A ban is not necessary, but these transactions should be very closely monitored and must be shut down if transactions are used for illegal or anti-Canadian purposes

 @B538X5Bfrom Ontario  answered…1yr1Y

Maybe it should just monitor it in a way that protects both citizens and prevents enabling corruption

 @B4Z6HHLfrom British Columbia  answered…1yr1Y

People should be able to do whatever they want with there own money.. as long as the money came from legal ways.

 @B4YNM4Dfrom Ontario  answered…1yr1Y

No, we shouldn’t sanction those country anyways, and international crypto payment should be subject to monitoring

 @B4TXJ28 answered…1yr1Y

Yes if they are just sending money to friends then just legally allow them to do it then you can monitor it to see if they are funding terroism or just sending money to family

 @979XN3F from New York  answered…1yr1Y

Yes, but allow foreigners and non-residents to keep pre-existing offshore bank accounts within our country

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