US Presidential Order Allows the State to Confiscate Crypto Holdings ‘Without Prior Notice’

By April 2, 2015Bitcoin Business

An executive order signed by President Barack Obama has US enabled authorities to become the first to confiscate cryptocurrency holdings without warning. The document , ‘Blocking the Property of Certain Persons Engaging in Significant Malicious Cyber-Enabled Activities,’ which surfaced Wednesday, states that the measures are needed to counteract “an unusual and extraordinary threat to the national security” posed by “cyber-enabled activities originating from, or directed by persons located, in whole or in substantial part, […]

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