{"id":407273,"date":"2022-02-18T16:34:41","date_gmt":"2022-02-18T13:34:41","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/crypto-community-condemns-canada-for-freezing-dissidents-bitcoin-wallets\/"},"modified":"2022-02-18T16:34:41","modified_gmt":"2022-02-18T13:34:41","slug":"crypto-community-condemns-canada-for-freezing-dissidents-bitcoin-wallets","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/crypto-community-condemns-canada-for-freezing-dissidents-bitcoin-wallets\/","title":{"rendered":"# Crypto community condemns Canada for freezing dissidents\u2019 Bitcoin wallets"},"content":{"rendered":"<p>&#8220;<strong># Crypto community condemns Canada for freezing dissidents\u2019 Bitcoin wallets <\/strong>&#8221;<br \/>\n<img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDIvMjkxZTQyZDgtMzM5YS00ZTRlLTlkODYtNWEyNjM0NWZjZWI1LmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-128018ef>Global cryptocurrency enthusiasts have expressed concerns over Canadian authorities freezing bank accounts and crypto wallets involved in funding local COVID-19 protests.<\/p>\n<p>On Thursday, Ontario Superior Court Justice Calum MacLeod issued an order freezing all the digital assets and bank accounts associated with \u201cFreedom Convoy,\u201d a <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/watch-movies-tv-seriess\/\" data-internallinksmanager029f6b8e52c=\"8\" title=\"Watch Movies &amp; TV Series\" target=\"_blank\" rel=\"noopener\">series<\/a> of ongoing protests against COVID-19 vaccine mandates and restrictions.<\/p>\n<p>According to a report by the Toronto Star, the amount of funds frozen so far in bank accounts and digital wallets with Bitcoin (BTC) and other assets is <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.thestar.com\/news\/canada\/2022\/02\/17\/citizens-group-wins-court-ordered-freeze-of-freedom-convoy-accounts-cryptocurrency.html\">estimated<\/a> at more than $1 million.<\/p>\n<p>\u201cThe names of both individuals and entities as well as crypto wallets have been shared by the RCMP with financial institutions and accounts have been frozen and more accounts will be frozen,\u201d Deputy Prime Minister Chrystia Freeland reported Thursday.<\/p>\n<p>She also <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/TrueNorthCentre\/status\/1494413537153855489?s=20&amp;t=F6ZBZtDHG9S8rtMni8c9Ww\">argued<\/a> that the Financial Transactions and Reports Analysis Center of Canada (FINTRAC) \u201clacked the necessary authorities to oversee the new world of cryptocurrency.\u201d<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Deputy PM Chrystia Freeland: &#8220;The names of both individuals and entities as well as crypto wallets have been shared by the RCMP with financial institutions and accounts have been frozen and more accounts will be frozen.&#8221; <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/iA69DbRJl1\">pic.twitter.com\/iA69DbRJl1<\/a><\/p>\n<p>\u2014 True North (@TrueNorthCentre) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/TrueNorthCentre\/status\/1494358600080404481?ref_src=twsrc%5Etfw\">February 17, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\nMajor crypto advocates have subsequently reacted to the <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">news<\/a>, with Kraken CEO Jesse Powell condemning Canadian authorities. \u201cDue process is for plebs. Might makes right in Canada. If someone dissents, you just confiscate their wealth, revoke their licenses, exclude them from the financial system and kill their pets. No need to debate the law, policy or even rights when you have a monopoly on violence,\u201d he <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/jespow\/status\/1494458245259272192?s=20&amp;t=UQTcTzq86wIS5gx8FqVtOQ\">wrote<\/a> on <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Twitter<\/a>.<\/p>\n<p>Powell also expressed concerns over crypto holders, admitting that it could be possible that Kraken could potentially be forced to freeze assets by police without judicial consent, stating:<\/p>\n<blockquote><p>\u201c100% yes it has\/will h<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>en and 100% yes, we will be forced to comply. If you\u2019re worried about it, don\u2019t keep your funds with any centralized\/regulated custodian. We cannot protect you. Get your coins\/cash out and only trade p2p.\u201d<\/p><\/blockquote>\n<p>Anthony Pompliano, co-founder and partner of Morgan Creek Digital, noted that the ongoing events in Canada very much resembled a situation in China, which is commonly referred to as an authoritarian capitalist state.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Wow. <\/p>\n<p>China is freezing dissidents bank accounts and threatening citizens who express their freedom of speech<\/p>\n<p>\u2026oh wait, sorry. <\/p>\n<p>It\u2019s Canada. Not China. <\/p>\n<p>CANADA <\/p>\n<p>\u2014 Pomp  (@APompliano) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/APompliano\/status\/1494480281440559107?ref_src=twsrc%5Etfw\">February 18, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Salvadoran President Nayib Bukele also took to Twitter to <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/nayibbukele\/status\/1493377382245441537?s=20&amp;t=UQTcTzq86wIS5gx8FqVtOQ\">condemn<\/a> Canadian authorities for making the country fail as a top-ranking country in the \u201cdemocracy index.\u201d Bukele argued that the widely reported supposed Ukraine\u2013Russia crisis is a distraction, while the \u201creal war\u201d against freedom is happening in countries such as Canada.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">The real war is not in Ukraine, it\u2019s in Canada, Australia, France, Brussels, England, Germany, Italy&#8230;<\/p>\n<p>They just want you to look the other way.<\/p>\n<p>\u2014 Nayib Bukele  (@nayibbukele) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/nayibbukele\/status\/1492740255123976193?ref_src=twsrc%5Etfw\">February 13, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>As previously reported, Canadian Prime Minister Justin Trudeau\u00a0invoked the Emergencies Act on Monday, which allowed local regulators to freeze Freedom Convoy protesters\u2019 bank accounts and monitor \u201clarge and suspicious transactions,\u201d including crypto.<\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>\u2018Keep Your Coins\u2019 bill introduced to restrict government control of crypto<\/em><\/strong><\/p>\n<p>The order specifically extended the scope of Canada\u2019s Anti-Money Laundering and anti-terrorist financing rules to cover crowdfunding platforms and the payment processors they use. \u201cThis change covers all forms of transactions, including digital assets such as cryptocurrencies,\u201d FINTRAC <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.canada.ca\/en\/department-finance\/news\/2022\/02\/canada-invokes-the-emergencies-act-to-limit-funding-of-illegal-blockades-and-restore-public-order.html\">said<\/a> on Tuesday.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"law_decoded\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more News articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/crypto-community-condemns-canada-for-freezing-dissidents-bitcoin-wallets\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Crypto community condemns Canada for freezing dissidents\u2019 Bitcoin wallets &#8221; Global cryptocurrency enthusiasts have expressed concerns over Canadian authorities freezing bank accounts and crypto wallets involved in funding local COVID-19 protests. On Thursday, Ontario Superior Court Justice Calum MacLeod issued an order freezing all the digital assets and bank accounts associated with \u201cFreedom Convoy,\u201d&#8230;<\/p>\n","protected":false},"author":1,"featured_media":407274,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDIvMjkxZTQyZDgtMzM5YS00ZTRlLTlkODYtNWEyNjM0NWZjZWI1LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,74863,74860,75540,1545,74106,90059,70934],"class_list":["post-407273","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-cryptocurrencies","tag-cryptocurrency-exchange","tag-kraken","tag-coronavirus","tag-democracy","tag-el-salvador","tag-regulation"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/407273","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=407273"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/407273\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/407274"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=407273"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=407273"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=407273"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}