IRS Seizes Assets on Suspicion Only: Bitcoin could be Next

By October 28, 2014Bitcoin Politics

IRS Seizes Assets on Suspicion Only: Bitcoin could be Next

IRS Seizes Assets on Suspicion Only: Bitcoin could be Next When the Reagan Administration declared its “War on Drugs” during the 1980’s, one of their first methods of attack was to go after the huge sums of money generated by the criminal cartels, a tactic that proved extremely effective against the Columbian cartels.

The law, known as “civil asset forfeiture” was structured to not only track deposits made by suspected criminals but to seize them […]

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