The Civil Forfeiture of Cryptocurrencies

The Civil Forfeiture of Cryptocurrencies

by David Axel Kurtz
JD Candidate
University of Maine School of Law

ABSTRACT: Digital currencies, such as Bitcoin, are often used to facilitate illegal transactions. Assets which are presumed to have been used for criminal purposes are subject to civil forfeiture. Does this mean that Bitcoins are forfeitable per se?

…this is Part 2 of our continuing series, David Writes Legal Treatises About Stuff From Cryptonomicon

Advertisements

~ by davekov on 18 December 2015.

One Response to “The Civil Forfeiture of Cryptocurrencies”

  1. The monetary value of the bitcoins within the jurisdiction of were the criminal conduct is being adjudicated should be forfeitable, so therefore the bitcoins would need to first be converted into the fiat currency of the jurisdiction and the bitcoins returned back into circulation.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

 
%d bloggers like this: