Canadian Regulator Reports Coinbase, Kraken CEOs' Crypto Custody Tweets
The crypto fallout from Canada’s so-called “truckers’ protest” is continuing to make its presence felt – with a financial regulator reporting the heads of the American crypto exchange giants Kraken and Coinbase to the Royal Canadian Mounted Police, the Canadian national police force, over their Twitter activity.
Regina Leader-Post reported that the Ontario Securities Commission (OSC) had informed the police about tweets from the Kraken supremo Jesse Powell and the Coinbase boss Brian Armstrong. Both had hit out at the government’s decision to use the anti-terrorist Emergencies Act to freeze protestors’ bank accounts and crypto addresses.
As previously reported, the Canadian government’s move was made as part of an effort to starve the truckers’ convoy of access to international and domestic donations, as well as their own funds.
The CEO duo, during the protests, had called for the adoption of non-custodial wallets – while Armstrong even took the opportunity to remind his followers that Coinbase provided a self-custody solution.
The Canadian Prime Minister Justin Trudeau refused to lift the emergency measures in Ottawa, claiming that even though the blockades had now been cleared, the time had not yet come to lift the Emergencies Act.
The OSC was quoted as stating:
“We are aware of [the tweets] and have shared [the information] with the RCMP and the relevant federal authorities.”
The media outlet also noted that the RCMP has “sent a list of cryptocurrency addresses associated with the convoy protests to crypto trading platforms,” and had asked them “to freeze and report any transactions related to them.”
Both Kraken and Coinbase are registered with FINTRAC, the Canadian financial regulator that polices crypto. Both have
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