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Despite Recent Threats From Canadian Officials, ‘Real Crypto’ or Decentralized Assets Cannot Be Frozen

Despite Recent Threats From Canadian Officials, ‘Real Crypto’ or Decentralized Assets Cannot Be FrozenOver the last week, there’s been a lot of discussion about Canada ‘freezing’ digital currency accounts that are associated with the Canadian trucker’s Freedom Convoy. Amid the topical conversation, it should be stressed that decentralized cryptocurrencies like bitcoin and ethereum, cannot be frozen directly within the network. However, the Canadian government can flag specific digital […]

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Trudeau’s Government Warns More Accounts Will Be Frozen — Freedom Convoy Truckers Hold Their Ground

Trudeau’s Government Warns More Accounts Will Be Frozen — Freedom Convoy Truckers Hold Their GroundThe Canadian government has warned that more financial accounts and cryptocurrency wallets will be frozen as law enforcement attempts to end the Freedom Convoy trucker protest. However, truckers are standing their ground even after the police arrested two protest organizers. Prime Minister Justin Trudeau says, “It’s high time that these illegal and dangerous activities stop.” […]

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RCMP asks crypto exchanges to halt trading for wallets connected to truck convoy protests

Police are believed to have sent ultimatums to protestors dwelling in the Ottawa downtown, telling them to "leave now."

As reported by Canadian news outlet The Globe and Mail, the Royal Canadian Mounted Police (Canada's federal police force) sent letters to several cryptocurrency exchanges demanding that they "cease facilitating any transactions" with more than 30 specific cryptocurrency wallet addresses linked to the ongoing truck protests in the country. The letter writes:

"Any information about a transaction or proposed transaction in respect of these addresses, is to be disclosed immediately to the Commissioner of the Royal Canadian Mounted Police."

Just two days prior, Prime Minister Justin Trudeau, representing the ruling Liberal Party of Canada, invoked the Emergencies Act in response to a convoy of truckers occupying the nation's capital (Ottawa) in protest of COVID-19 health and vaccine restrictions. The protest has been ongoing for 20 days. Under the Act, banks have the discretional power to freeze Freedom Convoy protesters' bank accounts with no civil liabilities.

Protesters have raised over $19 million in funds through the fundraising platforms GoFundMe and GiveSendGo. However, those funds have been blocked from reaching the convoy. As a result, protestors founded the HonkHonk Hodl group and raised nearly $1 million through the Tallycoin BTC fundraising platform, pending distribution.

This morning, it appears protestors in the Ottawa downtown area were given an ultimatum, via written letters, to "leave now" or face potential fines or jail time. In addition, the Emergencies Act allows for the prohibition of travel to certain areas. "Anyone coming to Ottawa to join the ongoing demonstration is breaking the law," the notice says.

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