Author

Topic: [2016-06-11] news.bitcoin.com-New Civil Asset Forfeiture Tool Makes Bitcoin... (Read 310 times)

legendary
Activity: 4542
Merit: 3393
Vile Vixen and Miss Bitcointalk 2021-2023
How can they seize money from a credit card?  Tongue
They can't. Only prepaid debit cards. Credit cards and debit cards linked to a bank account cannot be accessed. Why would you expect the truth (or anything close to it) from bitcoin.com?
legendary
Activity: 1918
Merit: 1012
★Nitrogensports.eu★
New Civil Asset Forfeiture Tool Makes Bitcoin Even More Powerful

By swiping a debit, credit or prepaid card through the machine, police can view the suspect’s account information, and freeze or transfer money in the account associated with the card.

According to RT America, the Oklahoma Highway Patrol bought 16 ERAD machines and began using them in May 2016, taking money from people without warrants.

Local Oklahoma news station KWTV reports that Highway Patrol officers can use the ERAD to freeze or confiscate money whenever there is “probable cause.” However, as with all civil asset forfeiture policies, police are not required to obtain a warrant or charge the suspect with a crime to take their funds.

READ MORE >>> https://news.bitcoin.com/civil-asset-forfeiture-bitcoin/

How can they seize money from a credit card?  Tongue
I wonder what happens when you have a bitcoin debit card like Xapo? Are the bitcoins converted to fiat and then seized?
sr. member
Activity: 322
Merit: 250
New Civil Asset Forfeiture Tool Makes Bitcoin Even More Powerful

By swiping a debit, credit or prepaid card through the machine, police can view the suspect’s account information, and freeze or transfer money in the account associated with the card.

According to RT America, the Oklahoma Highway Patrol bought 16 ERAD machines and began using them in May 2016, taking money from people without warrants.

Local Oklahoma news station KWTV reports that Highway Patrol officers can use the ERAD to freeze or confiscate money whenever there is “probable cause.” However, as with all civil asset forfeiture policies, police are not required to obtain a warrant or charge the suspect with a crime to take their funds.

READ MORE >>> https://news.bitcoin.com/civil-asset-forfeiture-bitcoin/
Jump to: