How The Government Seizes Assets And Why Bitcoin Is A Problem For Statists
In a world with third-party custody and self-custody, bitcoin is the clear winner for offering protection from government overreach and seizure.This is an opinion editorial by Rowdy Yates, a former Marine and practicing lawyer.When most people hear the words “frozen bank account” or “asset forfeiture,” they likely picture a sophisticated government black box worthy of a Hollywood montage, with some mysterious synth music overlaid. The truth is far less glamorous but no less troubling. A sober examination of the government’s tools for seizing and forfeiting property helps to illuminate a....
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The groomed, nurtured and thoroughly manufactured "War on terror" is just about ready to claim another casualty if you live in modern Westernized society. It used to be just a tool of oppression in the U. S., but now statists around the world are using "terrorism" as a catchphrase to rule with an iron hand. Now that every modern government in the industrialized world has a new "Boogie Man" to hide behind, no good crisis shall go to waste. And really the statists don't even bother with creating the Hegelian Dialectic anymore. Now a nation-state can create a press release, say "Terrorism",....
Federal prosecutors have seized 69,730 ($1 billion worth) of bitcoin associated with darknet marketplace Silk Road. Here’s what we know so far. The post Government Seizes 69,730 Bitcoin ($1 Billion) Tied To Silk Road appeared first on Bitcoin Magazine.
Crypto continues to be a controversial asset when it comes to the law and crime. Just this fiscal year alone, the IRS has seized $1.2 billion worth of cryptocurrency. The U.S. government started seizing crypto assets during the Silk Road shutdown of 2013. And so far since, there has been crypto seized from individuals every year. Often the public is not privy to what happens to seized assets. Once seized, the government has the discretion to dispose or store these assets the way it deems the best. A good amount has been seized by the IRS alone over the years. Assets whose worth run into....
The United States Department of Justice (DOJ) says it has seized cryptocurrencies worth $24 million after receiving an official request from the government of Brazil. The seizure stems from an ongoing investigation into the $200 million cryptocurrency scam that may have defrauded tens of thousands of Brazilians. The authorities in Brazil say the scammers duped people by typically promising exaggerated returns and falsifying where the funds were invested. Criminal violations In a statement, the DOJ says the U.S. acceded to Brazil’s request in line with the cooperation treaty signed....
The U.S. government has seized over $1 billion in bitcoin from previously undetected transactions associated with the Silk Road marketplace and is now seeking the forfeiture of the cryptocurrency. US Confiscates $1 Billion in Bitcoin From Silk Road The U.S. government has filed a lawsuit seeking the forfeiture of bitcoin currently worth over $1 billion that it seized on Tuesday, according to the court document. The Department of Justice said on Thursday that this bitcoin seizure is the largest the U.S. has ever made. The “Defendant Property” seized includes bitcoin and its....