US Federal Appeals Court: Seizure of Debit Card Funds is Constitutional
A federal court has upheld the right of police to seize and retain funds on debit and credit cards, be they prepaid or otherwise. Adding to the ongoing national conversation about civil asset forfeiture, the case of Eric-Arnaud Benjamin Briere De L’Isle, who was pulled over for a driving infraction and then searched for drugs in Nebraska in 2014, which was appealed to the federal government after Nebraska asserted that the police had the right to seize and keep a large bag full of prepaid cards. The 8th Circuit Court of Appeals decided that the cards have no expectation of privacy because....
Related News
The Constitutional Court of the Russian Federation is going to have to deal more and more often with cases involving new kinds of individual rights, its head has recently admitted. Some of them will be related to cryptocurrencies and blockchain technology, the official believes. Constitutional Court of Russia to Defend Rights Related to Cryptocurrencies Constitutional justice, as far as protection of human rights is concerned, will be increasingly influenced by the emergence of a new generation of rights, Valery Zorkin, chairman of the Constitutional Court of Russia has acknowledged.....
A court of appeals in France has upheld the verdict in the case against BTC-e operator Alexander Vinnik. His lawyers vowed to continue the legal struggle against Vinnik’s return to Greece in order to avoid a likely extradition to the U.S. Court Confirms Vinnik’s 5-year Sentence for Money Laundering The Court of Appeals of Paris has confirmed the first instance decision in Alexander Vinnik’s trial, Russian media reported. In late 2020, the IT specialist, and alleged cybercriminal, was sentenced to five years in prison for money laundering. Vinnik’s defense team now....
BitStamp, which is a bitcoin exchange based in London, recently unveiled its newest product: a bitcoin debit card. This will be available for use among EU citizens and will be accepted anywhere major debit and credit cards are accepted. The debit card will be loaded using bitcoin and its balance can be denominated in British pounds, euros, or U. S. dollars. To secure one, you have to submit a government-issued ID, proof of residence, and certification of funds to determine the spending limit. Bitcoin Debit Card Features. The debit card has three verification stages, with the most basic one....
European Bitcoin exchange BitStamp launched a pre-paid debit card that can be loaded with bitcoin on Wednesday. According to the London-based exchange, the debit card is accepted at anywhere major credit and debit cards are accepted. The card's balance can be denominated either in British pounds, euros or American dollars. The debit card has three stages of verification, each with its own spending limit. The most basic stage requires no know-your-customer verification and allows for €2,500 worth of transactions annually. Government ID, proof of residence, and a certified source of funds....
UK-based cryptocurrency and mining trading platform Bit-X has unveiled Bitcoin debit card Bit-X Debit Card to enable users to spend their Bitcoins anywhere with ease. Users can withdraw money from ATMs worldwide, direct from their Bit-x account containing BTC, LTC, USD, EUR and GBP. The card also supports online payments and point of sale payments worldwide. To make it even better, Bit-x has announced that it has done away with fees until September. The Bit-x debit card is designated in either USD or EUR, and can be ordered from any country in the world. Initially, there is no verification....