Canadian Police Cracks Down Protesters and Freezes Crypto Wallets

Canadian Police Cracks Down Protesters and Freezes Crypto Wallets

Canada’s government is showcasing a concerning case of interference in the economic freedom of its citizens following the latest trucker protests in the country, where initially Freedom Convoy donations were blocked but now additional actions have been taken on those people involved.

It is reported that the country’s federal police force, the Royal Canadian Mounted Police (RCMP), has sent financial institutions, including banks and cryptocurrency exchanges, a list of individuals and 34 crypto addresses, demanding to “cease facilitating any transactions”.

The RCMP wrote:

“The Ontario Provincial Police and Royal Canadian Mounted Police are currently investigating cryptocurrency donations being collected in relation to illegal acts falling under the scope of the Emergency Measures Act.

Pursuant to the Emergency Economic Measures Order, under subsection 19(1) of the Emergencies Act, there is a duty to cease facilitating any transactions pertaining to the following cryptocurrency address(es).”

Of the 34 crypto addresses, 29 are bitcoin (BTC) addresses and two are ethereum (ETH) addresses. The remaining three are cardano (ADA), monero (XMR), and litecoin (LTC) addresses.

The RCMP warned that “any information about a transaction or proposed transaction in respect of these address(es), is to be disclosed immediately to the Commissioner of the Royal Canadian Mounted Police.”

The letter that the RCMP sent to the banks, included pictures and detailed profiles of those allegedly involved in the civil uprising.

The Canadian Bankers Association (CBA) confirmed banks have received letters about “designated persons” from the RCMP, and are obliged to disclose customers’ banking details and transaction records to the RCMP or the Canadian Security Intelligence Service.

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Source: igaming