I'm wondering if there's any income generated from holding a
Bitcoin account. Is there a way to earn revenue or profits just by having a Bitcoin account?
7 answers
Stefano
Wed Dec 18 2024
Cryptocurrencies are not subject to garnishment despite being measurable values of money.
Elena
Wed Dec 18 2024
According to the Bankruptcy and Insolvency Act, a debtor's bank account can be controlled.
Bianca
Wed Dec 18 2024
This is done by sending a garnishee notice to the bank where the account is held.
FireflySoul
Tue Dec 17 2024
The garnishee notice is a legal document that requires the bank to freeze the funds in the account.
StarlitFantasy
Tue Dec 17 2024
The funds can then be used to repay the debtor's creditors.