"It is impossible to confiscate properly stored cryptocurrencies at scale."
"The main attack vector would be seizing custodial bitcoin holdings."
"What may happen is that governments start limiting self-custody."
It may have strong competition, but one of the most disturbing things to happen to crypto in 2022 was the Ontario Superior Court of Justice issuing a Mareva injunction. Set against the backdrop of demonstrations and blockades that “paralyzed” Ottawa early this year, this injunction permitted the seizure of cryptoassets belonging to protestors, who had been receiving financial support in the form of bitcoin (BTC) and other cryptoassets.
When combined with reports of the US Department of Justice seizing USD 3.6bn in BTC in February, for instance, the injunction seemed to fatally undermine the notion that cryptocurrency is immune from government control. Indeed, US government agencies have seized cryptocurrencies on numerous occasions in recent years, helping to create a...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...