Re: New powers to seize cryptoassets used by criminals go live
Wow, UK's a real shit place huh?
https://www.gov.uk/government/news/new-powers-to-seize-cryptoassets-used-by-criminals-go-live
Quote
UK law enforcement will be able to destroy a crypto asset if returning it to circulation is not conducive to the public good. Privacy coins, for example, are a form of cryptocurrency that grant an extremely high degree of anonymity and are often used for money laundering.
https://www.gov.uk/government/news/new-powers-to-seize-cryptoassets-used-by-criminals-go-live
I guess when they "destroy a crypto asset" they will burn it / destroy the keys... and thereby enrich all other holders... yeah... great idea
Nothing wrong with making my coins worth more except the wording allows them to destroy peoples wealth whether they are guilty or not.
they already do that every day with their monetary policies