Re:Fiat is Effective: fiat for the crypto crowd [pdf]
by tptacek on Monday October 16, 2017 @11:02AM
(#15483659)
Civil asset forfeiture isn't necessarily, or even usually, dollar denominated. The same mechanism that allows the police to confiscate the $10,000 you kept in a briefcase in the trunk of your care can be, and more often than not is, used to confiscate the car itself.
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Re:Fiat is Effective: fiat for the crypto crowd [pdf]
by dsacco on Monday October 16, 2017 @11:26AM
(#15483846)
I'd like to see a lawyer chime in on the legality of using civil forfeiture laws to compel someone to give up their private key or password. My intuition is that law enforcement would seize literally everything peripherally related to, or capable of transacting in, Bitcoin.