30 Bitcoin Wallets Blacklisted On The Orders Of The Canadian Government
Cryptocurrencies have come under the radar in the protests taking place across Canada. The Canadian police force has allegedly issued an order to blacklist crypto wallets that are affiliated with the Freedom Convoy. The order is coming after the federal government invoked the Emergencies Act for the first time in the country.
Crypto exchanges are directed to not transact with Canadian protesters
Canadian news outlet, The Counter Signal, reports that the Royal Canadian Mounted Police (RCMP) order it gained access to directed all FINTRAC regulated companies to cease transacting with a total of 34 crypto wallets. These crypto addresses include 29 Bitcoin addresses, four Ethereum addresses, and one address each of Cardano, Monero, and Litecoin.
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), the police order is quoted saying.
The order goes ahead to list the wallets and directs that any transactions or attempted transactions should be immediately reported to the police commissioner of the Royal Canadian Mounted Police.
The Counter Signal notes that it has confirmed some of the wallets have held donations made towards supporting protests against the government’s COVID-19 mandates. Collectively, the wallets listed are said to hold over $1.4 million worth of crypto assets the report also revealed.
The situation in Canada
The latest police move is coming after Canada’s Prime Minister Justin Trudeau invoked the Emergencies Act to address illegal protests. Under the Emergencies Act, the government can suspend citizens’ right to free movement and assembly, even with force if necessary. Previously, the government blocked donations made to the protesting truckers through the crowdfunding platform, GoFundMe.
Canadian truck drivers began protesting last month after the government directed all cross-border truckers to get vaccinated for COVID-19. However, the government maintains that the health safety measures are necessary to combat the spread of the novelle virus.
Opinions are however divided over which side should cave in to the other. Many observers including Elon Musk have expressed support for the protesters.
- Ethereum and BMNR Rallies as BitMine Drops $1B on ETH, Analyst Hails “Most Bullish Setup Yet”
- ASTER Deposits Flows Into Binance Wallets Following CZ Endorsement, Listing Incoming?
- Avalanche Treasury Seals $675M Deal With Mountain Lake to Build $1B AVAX Vehicle
- Just In: Nasdaq-Listed VivoPower Raises $19M in Equity to Expand XRP Treasury Holdings
- Solana Price Rallies 5% as Nasdaq-listed VisionSys Launches $2B SOL Treasury Strategy
- Cardano Price Forecast As Hashdex Listing Fuels Optimism For $1.27 Breakout
- BONK Price Rally Ahead? Open Interest Jumps as TD Buy Signal Flashes
- Shiba Inu Price to Surge as Whales Buy and Team Commits to Shibarium Growth
- XRP Price Prediction After Ripple CTO David Schwartz Resigns
- SUI Price Eyes $4.5 as Coinbase Futures Listing Sparks Market Optimism
- Chainlink Price Holds $20 Support Amid Tokenization With DTA Standard Progress – Is $47 Next?
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
