Tagcivil asset forfeiture

‘Bitcoin is Stupid’ Author Gets a Lesson in the Value of Being Your Own Bank

bitcoin cryptocurrency

As anyone who has ever attempted to explain bitcoin to their parents can understand, one of the most challenging parts of convincing them of the utility of this technology is making the case that a person should be his or her own bank. Occasionally, though, an object lesson bites you in the, err, mustache. The lesson in question comes courtesy of personal finance author Peter Adeney. Writing on...

US Government Wants to Seize 500 BTC from Alleged ID Forgers

The US government is seeking to confiscate 500 bitcoins from individuals charged with creating and distributing forged identification documents. On Thursday, the US Attorney’s Office for the Northern District of Ohio announced that four individuals had been indicted for allegedly manufacturing and transferring falsified documents such as drivers’ licenses and personal identification cards issued...

US Federal Appeals Court: Seizure of Debit Card Funds is Constitutional

debit card

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...

The Government Could Struggle to Seize Your Bitcoin

It's one of those things you think about, but never consider a reality. It's one of those things people laugh at you for talking about in mixed company. It's one of those things that shouldn't be real in a free country, but is, and happens to the tune of millions of dollars per year in the United States. It is the untold side of the drug war which affects innocent people every week, and only...