confiscation – DIGIT INFO

IMF Acknowledges Russian Assets’ Confiscation Might Undermine the World’s Financial System

DIGIT — Mon, 20 May 2024 04:31:56 +0000

The IMF has expressed its concerns about the possible outcome of the confiscation of Russian assets abroad as a consequence of the ongoing military conflict between the nation and Ukraine. Julie Kozack, a spokesperson for the institution, called for these actions to have a proper justification to avoid threatening the world’s financial system. IMF Calls […]

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Police in Kosovo Seize Crypto Mining Rigs From Serbs

DIGIT — Sun, 16 Apr 2023 21:30:34 +0000

Kosovo police have seized dozens of crypto mining devices from residents of a majority Serb region in the north of the country. Authorities in Pristina and Belgrade exchanged accusations over the move, which has the potential to raise tensions in the ethnically divided, partially recognized Balkan state. Kosovo Government Cracks Down on Crypto Mining in […]

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US Government Plans to Sell Over 41,000 Bitcoins Confiscated from Silk Road Hacker

DIGIT — Sat, 01 Apr 2023 17:30:30 +0000

According to a court document filed on March 31, 2023, regarding the sentencing of James Zhong, who stole over 50,000 bitcoin from the Silk Road marketplace, the U.S. government plans to liquidate 41,490 bitcoin “over the course of this calendar year.” U.S. Government Discloses Strategy for Selling Confiscated Bitcoin The U.S. government, one of the […]

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Iran Returns Seized Crypto Mining Equipment to Miners

DIGIT — Tue, 03 Jan 2023 22:30:20 +0000

A government body responsible for state property in Iran has released some of the hardware seized from illegal crypto mining farms. Its top executive explained the agency was obliged to do that by courts in the Islamic Republic, where unlicensed miners have been blamed for power shortages. Authorities in Iran Give Confiscated Mining Rigs Back […]

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Government Agencies Need Crypto Wallets and Access to Exchanges, Russian Prosecutors Say

DIGIT — Mon, 19 Dec 2022 07:00:45 +0000

Russian authorities are finding it hard to cash out digital assets they have gotten hold of, prosecutors have warned. They have also urged the government to recognize cryptocurrency as property, allow departments to have digital wallets and use crypto exchanges. Prosecutor’s Office Insists Russian Investigators Should Have Cryptocurrency Wallets Russian prosecutors are convinced that investigative […]

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Don’t Forget the Importance of Censorship Resistance

DIGIT — Tue, 29 Nov 2022 05:30:46 +0000

Since people are once again talking about self-custody as one of crypto’s unique strengths, I would like to remind everyone about an equally important fundamental value proposition of crypto that, in the early days, was touted as the killer feature. I’m talking about censorship resistance. The following opinion editorial was written by Bitcoin.com CEO Dennis […]

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South Korea Seizes $184 Million in Crypto Assets From Alleged Tax Dodgers, Reports Reveal

DIGIT — Sat, 24 Sep 2022 06:30:27 +0000

The government in South Korea has seized cryptocurrency worth around $184 million in two years due to tax arrears, according to local media. The authorities in Seoul started confiscating virtual assets from people accused of tax evasion in 2021. Almost 260 Billion Won in Crypto Seized for Tax Evasion in South Korea The amount of […]

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Belarus Has Seized Millions of Dollars in Crypto, Chief Investigator Claims

DIGIT — Sun, 29 May 2022 16:30:16 +0000

Authorities in Belarus have mastered the seizure of cryptocurrencies, the head of the country’s Investigative Committee revealed in a recent interview. The high-ranking law enforcement official claims the state has already confiscated crypto assets worth millions of dollars. Companies Allegedly Help Belarus Government With Crypto Seizure Belarus had to deal with the challenge of how […]

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Authorities Seize Over 1,500 Crypto Mining Rigs in Dagestan Crackdown

DIGIT — Sun, 15 May 2022 16:50:06 +0000

Law enforcement and other authorities in Dagestan have closed down two illegal crypto farms, confiscating more than 1,500 mining machines. Government agencies in the republic, considered one of Russia’s capitals of underground coin minting, carry out regular raids against such facilities. Cryptocurrency Miners in Dagestan Accused of ‘Illegal Entrepreneurship’ Officers from the Ministry of Internal […]

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Belarus Adopts Legal Procedure for Seizure of Illicit Cryptocurrency

DIGIT — Thu, 21 Apr 2022 11:30:08 +0000

Implementing a recently signed presidential decree, the government of Belarus has introduced a procedure allowing the state to seize digital currency holdings. The move will grant law enforcement authorities in Minsk powers to seize crypto assets linked to illegal activities. Justice Ministry Regulates Confiscation of Digital Coins in Belarus The Ministry of Justice of Belarus […]

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