Quote from: BTCballa on July 26, 2018, 12:09:50 PM

Quote from: cryptovagas on July 25, 2018, 05:26:03 PM

if this is really gonna happen, why do we advertise that crypto is a free world Angry

Quote

Recently, ibena reported that the U.S. Federal Government had confiscated 500 BTC belonging to Iranians valued at 25 billion rials at the time of purchase.

The exact reason for the confiscation is unclear, though some speculate it has to do with Iranian bitcoin holders evading imposed U.S. sanctions.

Sepehr Mohammadi, the head of Iranians Blockchain Association, stated that confiscation had begun last year and was still continuing. He underscored the sentiment held by many when he expressed to ibena that some people believe that this confiscation is because of circumventing U.S. sanctions by bitcoin holders.

Mohammadi further explained that the total amount of assets confiscated by the Federal government was unclear but that it was at least 500 bitcoins (and counting). This represented a net purchase value of 25 billion rials or about USD 5.77 million.

Source: https://bitcoinist.com/us-government-confiscates-iranian-bitcoin-holder-assets/

I'm wondering how somebody can I'm just confiscate bitcoin if nobody properly not having a law, that will regulate those things? Is no more which would defend your property presented in bitcoins it is a really dangerous thing to have?

According to the article, the Iranians were circumventing some form of sanctions imposed by the US. Anyone circumventing the law/sanctions are deemed to face any legal implications of their doing. If this is indeed true, we don't know what sanctions did the Iranians circumvent, or broken for the US government to seize their assets. Well if these Iranians are operating under the US soil, they could face charges aside from the confiscation, but apparently they aren't and the trouble they are getting right now is how would they get it back, knowing that the Central Bank of Iran has banned banks and financial institutions from catering cryptp-related transactions and services.