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Canada protests: Kraken CEO says users should consider taking crypto off exchanges
Crypto exchange Kraken CEO Jesse Powell said today that any users concerned about governments seizing their crypto without judicial approval should take their funds off crypto exchanges — including his own. The comments were made in the context of the Canadian government freezing the bank accounts and crypto wallets of truckers protesting against Covid-19 rules — and even threatening to take their dogs under certain conditions. In response to a comment that crypto exchanges will likely freeze people's crypto at the request of police, even without judicial consent, Powell agreed that such action was inevitable.