In 2018, Canada passed “bail-in” laws. Anything above $100K CAD (not a lot of money) is potentially up for grabs in case of bank failure.
Imagine you woke up one day to discover your bank account has been raided by your government to finance debt. Is it a nightmare?
Well it was reality during the European banking crisis and will likely soon celebrate a comeback.
Be prepared. Study #Bitcoin: https://www.theatlantic.com/business/archive/2013/03/everything-you-need-to-know-about-the-cyprus-bank-disaster/274096/
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