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 addressees, 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.
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The list was released on social media on Wednesday, and CoinDesk confirmed its authenticity.
The weekslong protests, which have galvanized people around the world to launch similar efforts, have been deemed unlawful by Canadian Prime Minister Justin Trudeau’s freshly invoked Emergencies Act.
Trudeau’s use of the Emergencies Act, which had yet to be used since it was passed in 1988, permits banks and financial institutions to freeze accounts connected to the “Freedom Convoy” without fear of civil liability or the need for a court order.
When the GoFundMe account supporting the protest was suspended after receiving over $9 million, donors turned to cryptocurrencies to subsidize the effort, according to the report.
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Over 20 bitcoins, carrying an estimated worth greater than $870,000, or CA$1.1 million, were sent to addresses listed on the order, the report noted.
Original Location: Canada freezes at least 34 crypto wallets funding ‘Freedom Convoy’
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