🇨🇦 Canada's banking freeze makes a case for self-custody

Discover the news of the week [View in Browser]( [Gif Ledger Bites]( 25/02/2022 Ledger Partners with Coinbase for a Seamless & Secure Web3 Experience. Today is a big day. We’ve joined forces with Coinbase to offer secure self-custody to Coinbase Wallet users. [Learn more]( about our partnership or get your [Nano X Coinbase Edition]( hardware wallet, available for a limited time in our online store. [Ledger X Coinbase]( [Figures] [NFT]( [Stablecoin]( Crypto assets can be managed on your Ledger Live! [Go check now →]( [In the know] [Marshall Islands recognize DAOs as legal entities.]( For Bubby Muller, Chief Secretary of the Republic of the Marshall Islands, the country is looking “to become a global hub for DAOs both in registering and domiciling, but also in developing use cases.” [Family offices see high benefits in crypto.]( A survey has revealed that 77% of them are interested or involved in crypto. 66% plan to increase their holdings within the next 12 to 24 months… enough to create a new bull? [EU pushes to limit Bitcoin use over energy concerns.]( A provision was just added to a regulatory package calling for restrictions of Proof-of-Work crypto. “Nobody expected it to make it into the final report,” said Patrick Hanse, growth lead at Unstoppable Finance. [Bitcoin donations soar as Russia invades Ukraine.]( Data from Elliptic shows that $400K in bitcoin has been donated to Come Back Alive, a Ukrainian NGO. [A Mexican senator wants “Bitcoin as a legal tender.”]( Indira Kempis, Senator of Nuevo León State, is developing a crypto bill based on El Salvador’s. She believes that Bitcoin would enable “millions of people to be included in the financial system.” [Warner Music ventures into blockchain gaming with Splinterland.]( The music giant plans to give artists the opportunity to create play-to-earn games. “We’ll unlock new revenue streams for our artists" said Oana Ruxandra, CDO at WMG. Wanna share our Biiiiiites with a friend ? [Send →]( [Insight of the week] Canada’s Banking Freeze, Financial Freedom and Self-Custody [IMF image] Facing a civil blockade, the Canadian government has recently evoked emergency powers to freeze the bank accounts of some of the protesters. This law, [widely criticized]( by the crypto community, raises key questions about global citizens’ capacity to control their own belongings. It also showcases blockchain’s potential to be a remedy against losses in financial freedom. The Canadian Banking Freeze “The new rules make demands of a broad list of entities (...) who must determine whether they’re in possession or control of property of a person who’s attending an illegal protest,” according to [Fortune](. If the entity finds a person in their list, they must freeze the account and report it to police services. Unsurprisingly, the crypto community vividly reacted. For Philippe Jette from Rivemont Crypto Fund, “the censorship of money is something we see in an authoritarian country, not one like Canada.” Shortly after the measure was announced, Brian Armstrong, CEO of Coinbase, [raised his concerns]( “to see stuff like this happening in any country” before adding that “self-custodial wallets are important.” The tide has quickly turned in Canada. Isabelle Jacques, an assistant deputy minister, told the House of Commons that the majority of assets would finally be unfrozen. Will this episode create new crypto converts? For [CoinDesk Insights]( it will, “but BTC’s price isn’t following, yet.” US looming interest rate hikes, combined with Russia’s Ukraine’s invasion, are adding market pressure that radically outweigh current opportunities. Financial Freedom In Self-Custody? Financial systems and the internet have something in common: both are flawed. For Andreas Antonopoulos, a famous Bitcoin evangelist, “there are almost 200 currencies controlled by central banks and governments, but there is only one mathematical currency today, and that is Bitcoin.” Many new cryptocurrencies emerged since this quote following the same rules of freedom. Pascal Gauthier, CEO of Ledger, argues that “prosperity tends to shut peoples’ eyes. I always remind people that democracy and freedom are never guaranteed, and defined differently by each nation, person, and beliefs.” He further adds that “reconnecting humanity with the Internet meant we would need new digital tools to empower people. Ledger began from this realization (...) Regardless of who’s in charge of the choices they make, YOU deserve to make the choices that impact YOU most.” [I wanna know more] What really is financial freedom? And what is Web3 about? [Check this out here.]( The path towards financial freedom might be intimidating. Learn everything with our [Ledger Academy]( article on “Self-Custody - how to be your own bank?” [Inside Ledger] Ledger Live now offers a new feature [called “Market”]( which allows you to keep track of all the cryptocurrency prices directly in Ledger Live! [Buy crypto, securely.]( Two new buy providers are available in your Ledger Live app: Simplex and Transak. Looking for a job at Ledger?[Click here to check our open positions.]( [Images of the week] [GIF of the week] Source: [Cryptofunny]( How did you like our newsletter this week? 😍 [I buy!]( 😐 [I hodl!]( 😭 [I sell!]( [unsubscribe]( [Ledger]( Follow us on: [Ledger YouTube]( [Ledger Twitter]( [Ledger Instagram]( [Ledger Facebook]( [Ledger TikTok]( & listen to our podcast [here](. This email was sent to you because you signed up at Ledger.com or purchased a Ledger product. We respect your right to privacy. Read our [Privacy Policy]( and [Cookie Policy](. © Ledger SAS 2020. All rights reserved. Ledger brands are registered trademarks of Ledger SAS. Ledger SAS, 1 rue du Mail, 75002 Paris