TikTok must shutter its Canadian business.
The Canadian government is taking a major step against TikTok’s operations in its country without banning the app itself.
As the result of a multi-step national security review process, the government of Canada has ordered the wind up of business conducted in Canada by TikTok’s TikTok Technology Canada, Inc. subsidiary.
In an official statement, François-Philippe Champagne, minister of innovation, science and industry of Canada, said the Canadian government is taking this action to address “specific national security risks” related to the operations of China-based TikTok parent ByteDance Ltd. via TikTok Technology Canada Inc.
“The decision was based on the information and evidence collected over the course of the review and on the advice of Canada’s security and intelligence community and other government partners,” Champagne said in the statement.
The Canadian government made this decision in accordance with the Investment Canada Act, which allows it to review foreign investments that may be considered harmful to Canada’s national security.
However, Canadian consumers will still have access to the TikTok app and be able to create content using it.
“It is important for Canadians to adopt good cyber security practices and assess the possible risks of using social media platforms and applications, including how their information is likely to be protected, managed, used and shared by foreign actors,” said Champagne. “While Canada continues to welcome foreign direct investment, the government will act decisively when investments threaten our national security.”
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