Monero is delisted from exchanges in Canada because the anonymity makes it impossible to comply with anti-money laundering regulations. It makes it a lot harder to acquire the coins or to turn them into liquidity. The government is also going hard against encryption with law c-22, which will make Signal stop providing service in the country.
They will only catch the amateurs. But they can pat themselves on the back I guess that did something.
It does more than catch amateurs, it's a heavy blow against the adoption and usefulness
Sounds better and better!
Poor government has to fight crime the old fashioned way.
Ridiculous.
This isn't comparable to the legality issues in particular countries, a comparatively minor threat for FOSS software projects. If the US declares your organization as terrorist, you'll lose banking access globally by leveraging the SWIFT system. The US influence has always been problematic, but this is now blatantly abused for MAGA populism.
All this means eg. Signal would not be able to escape jurisdictions, because no bank anywhere relevant will endanger their SWIFT access opposing the US. Sanctioned Signal would stop providing services for everyone, since they can't pay for servers, neither being able to receive donations, nor wire any money themselves. It's similar prior situations involving payment processors (e.g. in case of Wikileaks), but has totalitarian reach affecting almost all banking globally.
They can potentially play a cat and mouse game for a while, if none of the transactions actually say "For Signal" on them