Canada has frozen at least 34 cryptocurrency wallets used to fund the ’Freedom Convoy.’

<p>Canadian authorities have ordered the country's regulated financial firms to stop processing transactions from at least 34 cryptocurrency wallets linked to the funding of the "Freedom Convoy" protests.</p> <p>According to a report, the Ontario Provincial Police and the Royal Canadian Mounted Police, in collaboration with the Financial Transactions and Reports Analysis Centre of Canada, have launched an investigation into crypto-based donations funding protests against Canada's vaccine mandate.</p> <p>According to the 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.</p> <p>On Wednesday, the list was made public via social media, and CoinDesk confirmed its veracity.</p> <p>The weeks-long protests, which sparked similar efforts around the world, have been declared illegal by Canadian Prime Minister Justin Trudeau's newly invoked Emergencies Act.</p> <p>Trudeau's use of the Emergencies Act, which had not been used since it was passed in 1988, allows banks and financial institutions to freeze accounts associated with the "Freedom Convoy" without fear of civil liability or the requirement of a court order.</p> <p>According to the report, after the GoFundMe account supporting the protest was suspended after receiving more than $9 million, donors turned to cryptocurrencies to subsidise the effort.</p> <p>According to the report, over 20 bitcoins worth more than $870,000, or CA$1.1 million, were sent to addresses listed on the order.</p>