Proceeds of Crime Act

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Ireland Seizes Bitcoin Stash Worth $56M But Can’t Sell for 7 Years

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Ireland’s Criminal Assets Bureau (CAB) seized 6,000 BTC from a Dublin resident who was accused of growing cannabis on property located in the Wicklow Mountain region. The police found around €450,000 of marijuana plants but the €52 million ($56.1M) of BTC was the biggest single-value asset seizure by the CAB since 1996. A new era … Read more

UK Judge Confiscates 300 Bitcoin Through Proceeds of Crime Act

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Criminals still tend to favor Bitcoin and other cryptocurrencies to mask their activities. That is not an advisable course of action, as most of these currencies lack both privacy and anonymity features. Over 300 BTC was confiscated by the UK police after they arrested a notorious drug dealer and money launderer. Another Bitcoin Criminal Gets … Read more