Canadian Government Freezes 34 Cryptocurrency Wallets That Donated To Freedom Convoy
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February 17, 2022 11:25 am
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The Canadian government is starting to crack down on cryptocurrency donations towards truckers participating in demonstrations all across Canada.
Authorities in Canada have officially ordered several financial firms to stop any transactions involving 34 crypto wallets that have been connected to funding the freedom convoy.
The Ontario Police Department along with the Financial Transactions and Reports Analysis Centre of Canada has been investigating all transactions towards the Freedom Convoy.
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After Prime Minister Justin Trudeau invoked the Emergency Act all Freedom Convoy protests have been deemed illegal and anyone who donates to them could face fines or jail time.
Canada freezes at least 34 crypto wallets funding 'Freedom Convoy' https://t.co/YGBi6PVxkK
— Ben Owen 🚛🚚 (@hrkbenowen) February 17, 2022
The Washington Examiner reported:
Canadian authorities have ordered the nation’s regulated financial firms to halt the facilitation of any transactions from at least 34 crypto wallets connected to the funding of the “Freedom Convoy” protests.
The Ontario Provincial Police and Royal Canadian Mounted Police, in cooperation with the Financial Transactions and Reports Analysis Centre of Canada, launched an investigation into crypto-based donations funding the protests against Canada’s vaccine mandate, according to a report.
At least 29 Bitcoin addresses, one Cardano address, one Ethereum address, one Ethereum Classic address, one Monero address, and one Litecoin address have been listed on the order, the report noted.
Canadian authorities have ordered financial institutions not to interact with 34 different crypto addresses tied to the country's ongoing trucker protests. @Aoyon_A @realDannyNelson reporthttps://t.co/WFPN0gEHhQ
— CoinDesk (@CoinDesk) February 16, 2022
When they will understand that #Cryptos CANNOT be banned. 🐍👊https://t.co/yBaOYAs4j6
— Cristian PM (@TheCristianPM) February 17, 2022
Coin Desk got the scoop too:
The Ontario Provincial Police and Royal Canadian Mounted Police ordered all regulated financial firms to cease facilitating any transactions from 34 crypto wallets tied to funding trucker-led protests in the country.
The federal police agencies, working with the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC), are investigating cryptocurrency donations supporting the weeks-long protest against Canada’s vaccine mandate. The protests are now deemed illegal under the Emergencies Act invoked by Canadian Prime Minister Justin Trudeau for the first time since the law was passed in 1988.
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