This represents political retaliation against a lawyer who challenged government overreach during the Freedom Convoy, with RBC using vague "risk appetite" language to mask ideological discrimination. The timing following legitimate Bitcoin purchases suggests coordinated suppression of dissenting voices, continuing the pattern established during the unlawful Emergencies Act when banks froze accounts without due process. Banking is not a luxury in today’s world. Being shut out of the system is economic erasure.
Banks have legitimate authority to terminate customer relationships when transactions fall outside their risk tolerance, especially in cases involving cryptocurrency, which raises concerns about fraud and money laundering. RBC provided proper notice and adhered to standard procedures for account closure, allowing Chipiuk reasonable time to transition to another institution. The bank’s inquiries into her crypto activities were likely routine fraud prevention measures, not politically motivated targeting.
There's a 50% chance that the total market cap of all cryptocurrencies will be at least $5.55k (In billions USD) by the start of 2027, according to the Metaculus prediction community.