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

Canadian officials have issued warnings that additional financial accounts will be blocked and cryptocurrency wallets may be frozen to combat the Freedom Convoy trucker protest. But truckers continue to stand their ground despite the fact that two organizers of the protest were detained by police. Prime Minister Justin Trudeau says, “It’s high time that these illegal and dangerous activities stop.”

Trudeau vows to stop Freedom Convoy Trucker Protest by Frozen More Accounts

Canadian authorities have confirmed that many financial accounts as well as cryptocurrency wallets had been blocked under the Emergencies Act. This was invoked by Justin Trudeau, Prime Minister of Canada. After several crypto exchanges and banks claimed they had received a letter (RCMP) from the Royal Canadian Mounted Police, this confirmation was made.

Chrystia freeland, Canadian Deputy Prime Minister and Financial Minister, said on Thursday:

The RCMP shared the identities of both individuals as well entities, along with crypto wallets, with financial institutions. Accounts were frozen and additional accounts will be frozen.

“Crowdfunding platforms and payment service providers have started their registration process with FINTRAC,” she added. The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) is Canada’s financial intelligence unit.

The deputy prime minister was further asked whether individuals who donated to fundraising campaigns — including the “Givesendgo” and the “Gofundme” campaigns — will be targeted and whether they are considered “designated persons” under the Emergencies Act. She said:

The regulations provide details on who accounts have been frozen and how they were done. These regulations are also available to financial service providers, who, in conjunction with law enforcement will make the operational decisions.

Freeland also tweeted Thursday: “We are making progress. Do not doubt our determination to act, to defend our economy, to defend our democratic institutions, and to restore peace, order, and good government.”

On Thursday, Ontario Superior Court Justice Calum McLeod also issued an order freezing the cryptocurrency assets and bank accounts belonging to Freedom Convoy leaders. He ordered any banks, financial institutions, money service businesses, fundraising platforms, cryptocurrency exchanges, and custodians of any cryptocurrency wallets to halt transactions related to the organizers’ accounts and crypto wallets.

Truckers standing their ground

Many news outlets report that truckers blocking Ottawa’s roads stood strong and defiantly blast their horns. Police also arrested Tamara Lich, and Chris Barber.

Pat King was one of the Freedom Convoy organizers and was quoted saying:

I’m prepared to sit on my a** and watch them hit me with pepper spray.

“There’s no tow trucks in Canada that will touch them,” he added, referring to the trucks that are parked bumper-to-bumper.

To stop protesters from getting help, police have also sealed off large swathes of downtown.

The Prime Minister Trudeau made this declaration in Parliament

It’s high time that these illegal and dangerous activities stop. They are a threat to our economy and our relationship with trading partners … They are a threat to public safety.

Let us know your thoughts on the Canadian trucker situation. Comment below to let us know your thoughts about the trucker situation in Canada.

Kevin Helms

Kevin, a student of Austrian Economics and evangelist since 2011, discovered Bitcoin. He is interested in Bitcoin security and open-source software, network effects, and the intersection of cryptography and economics.