The government will be able to seize the reserves of bitcoins from companies if the laws on illegal ownership of cryptocurrencies are adopted!
Also if the government can prove the illegality or fraud of the organization, it will also be able to seize the bitcoins...
It seems to me that the state can do anything it wants, especially if it is a totalitarian state...
In other words, they have the power to seize our properties even we are in decentralized. As long as the company runs illegally, bitcoin will get to them by the power of search warrant. What I think is that, where did they use the collected bitcoins whenever they seized it in illegal companies? Unlike with drugs, it can be burned. Bitcoin will not be burned unless they converted it into fiat and back it to the bank. Well, it is impossible since there are government officials who are blinded by money. They probably hide it to their pocket and they just make a news release on where the busted bitcoin goes on.