Post
Topic
Board Speculation
Merits 1 from 1 user
Re: New powers to seize cryptoassets used by criminals go live
by
LoyceV
on 28/04/2024, 07:44:41 UTC
⭐ Merited by Gachapin (1)
Wow, UK's a real shit place huh?
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
So you're saying they'll make Monero more scarce by burning them once confiscated?

Allow me to highlight the word "crypto". Without that, they'd have to burn any fiat money they confiscated from criminals, because fiat money has a high degree of anonymity and is often used for money laundering....