As confirmed by the Canadian government, multiple cryptocurrency wallets and bank accounts were frozen under the Emergencies Act as invoked by Justin Trudeau, the prime minister of Canada.
The reports were confirmed after many crypto exchanges and banks announced that they received letters from the RCMP (Royal Canadian Mounted Police). On Thursday, Chrystia Freeland, Finance Minister, and Canadian Deputy Prime Minister said. The names of entities and individuals along with the crypto wallets were shared by the Royal Canadian Mounted Police with the financial institutions, and later the accounts were frozen. It was also added that more accounts will be frozen.
payment service providers and crowdfunding platforms have begun their registration procedure with the Financial Transactions and Reports Analysis Center of Canada (FINTRAC). The FINTRAC is the financial intelligence unit of Canada.
Furthermore, the deputy prime minister was asked if anyone including Gofundme and Givesendgo. Who donated to the fundraising campaigns will be targeted and considered as the designated person as per the Emergencies Act. To which she replied;
Concerning whose accounts will be frozen or not, you have regulation now. The financial service providers have these same regulations as well and they are diligently working with the law enforcement and soon will make operational decisions.
On Thursday Freelan tweeted, We are making progress. Don’t question our determination to act to fight for our democratic institutions, economy, and to restore order, peace, and good government.
Pat King, One of the few Freedom Convoy organizers said, I a ready sit on my a** and watch them attack me with pepper spray. He further added, there will be no trucks that will touch them in Canada, he referred to the trucks that were parked bumper-to-bumper.
