"[it is]“not appropriate to confiscate Bitcoins as they cannot assume an objective standard value.”
Furthermore, the indication is that Bitcoin, as a cryptocurrency, has no physical representation, and thus there is essentially nothing to be confiscated, according to the courts."

They are right. But sooner or later it will be misused by criminals, and the whole finantial system is based on virtual stuff that doesn't even exist. Banks can create money out of nothing and lend it.

Maybe they should consider illegal confiscation of bank accounts, since bank accounts are virtual nowadays