Kraken CEO, Jesse Powell, says the exchange will comply with regulators and freeze clients’ funds without judicial consent should the Canadian authorities require so. In a tweet Powell wrote Kraken will be forced to comply with Canadian regulators, adding that users should not hodl assets on the exchange if they are afraid of these sanctions.
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“100% yes it has/will happen and 100% yes, we will be forced to comply. If you are worried about it, do not keep your funds with any centralized/regulated custodian. We cannot protect you. Get your coins/cash out and only trade p2p,” Powell said.
Powell’s comments come after Canada sanctioned over 30 bitcoin (EXANTE: Bitcoin) addresses tied to “Freedom Convoy” as the protests are now considered as illegal under the Emergencies Act invoked by Canadian Prime Minister Justin Trudeau.
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