Cryptocurrency Q&A Can the government take your crypto?

Can the government take your crypto?

charlotte_clark_doctor charlotte_clark_doctor Sun Nov 17 2024 | 7 answers 1753
I am concerned about the government seizing my cryptocurrency. Is this possible? Can the government take your crypto?

7 answers

benjamin_rose_author benjamin_rose_author Tue Nov 19 2024
If the government deems your property as proceeds from criminal activity.

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KDramaLegendaryStarlightFestival KDramaLegendaryStarlightFestival Tue Nov 19 2024
Or a related provision may also apply.

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CryptoAlchemy CryptoAlchemy Tue Nov 19 2024
They have the right to seize it.

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Giuseppe Giuseppe Tue Nov 19 2024
This seizure can lead to forfeiture proceedings.

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KpopHarmony KpopHarmony Tue Nov 19 2024
Statutes exist that authorize the forfeiture of cryptocurrencies.

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