ICYMI: Canadian federal police seek blockade of crypto wallets tied to ‘Freedom Convoy’
Canada's Royal Canadian Mounted Police appear to be targeting crypto addresses funding the"Freedom Convoy" protests over vaccine mandates for truckers.said that the RCMP, also known as the mounties, was barring firms registered with FinTrac, Canada's anti-money laundering authority, from transacting with 34 cryptocurrency addresses. FinTrac registration is a requirement for all money services businesses operating in Canada.
BitBuy, another FinTrac-registered exchange, confirmed to The Block that the firm had received the emergency order. Chief compliance officer Torstein Braaten said in a statement,"The possibility that crypto is being used for fund raising makes it relevant to include however the FINTRAC rules already apply to Canadian crypto trading platforms. This regulation does not change what compliant Canadian crypto trading platforms are already doing today with surveillance and reporting.
The order targets"cryptocurrency donations being collected in relation to illegal acts falling under the scope of the" Specifically, that entails 29 bitcoin addresses, as well as individual ether, litecoin, ethereum classic, cardano and monero addresses. Prime Minister Justin Trudeau invoked the 1988 Emergencies Act on February 14 for the first time in the law's history. The emergency in question was a rash of protests by truckers, which have blocked off large sections of the Canadian capital Ottawa and the Windsor-Detroit border crossing. On the day of the announcement, policeThey began as a reaction to vaccine requirements on the country's truckers but soon expanded to incorporate broad anger at Canada's anti-COVID provisions.
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