Topic: [2017-08-11] UK Police Drafts Detailed Bitcoin Seizure Guide (Read 7477 times)
Maybe 🇬🇧 government just protecting its citizens. It's hard to analyze or give suggestions how should they handled situation like this because it's anonymity is protecting the criminals. In the same way there's no way any government has the right to banned bitcoin if ever only because they can't control it. Criminal activity has been around since before bitcoin established. If that's the argument can we just banned "$dollar" when they been used in money laundering.
This is definitely required. You wouldn't want the police to seize bitcoins, only for them to fall prey to hackers and lose it all.
You can't expect the police to automatically know about storing bitcoin securely.
You can't expect the police to automatically know about storing bitcoin securely.
There must be a way where the authorities can be able to stop or run after criminals who used Bitcoin as the preferred method of payment. I am not really sure how it can be done but there is a need for that otherwise there would be a big chance that authorities would instead gang up on Bitcoin as a whole.
Before there was bitcoin, there were already crimes, I think exaggerated they are blaming bitcoin, people who use bitcoin for malefic purposes are the only culprits. They should not be commenting as if bitcoin had hands, eyes and legs to commit crimes.
A think-tank backed by a group of UK-based law enforcement officials have published a newly drafted report called “Policing Bitcoin” which aims to standardize the practice of seizing bitcoin from criminals.
UK Police Aim to Understand Bitcoin
Last week the ‘N8 Policing Research Partnership’ published a report that explains how they would like to see UK law enforcement handle bitcoin seizures. The report claims that criminals prefer to use cryptocurrencies in crimes like ransomware, dark web activities and more. The paper says bitcoin is the most favored cryptocurrency employed in illicit activities and N8 believes UK-based officers need to grasp this new technology.
“Cryptocurrencies have increasingly become a common method of value exchange in a number of types of criminal activity,” explains the four-page proposal. “This collaborative project has brought together a variety of experts from different disciplines and practices to explore the challenges posed by criminal use of cryptocurrency with regard to the investigation, production of conclusive evidence of wrongdoing, and prosecution of offenders.”
Continue reading
https://news.bitcoin.com/uk-police-drafts-detailed-bitcoin-seizure-guide/
UK Police Aim to Understand Bitcoin
Last week the ‘N8 Policing Research Partnership’ published a report that explains how they would like to see UK law enforcement handle bitcoin seizures. The report claims that criminals prefer to use cryptocurrencies in crimes like ransomware, dark web activities and more. The paper says bitcoin is the most favored cryptocurrency employed in illicit activities and N8 believes UK-based officers need to grasp this new technology.
“Cryptocurrencies have increasingly become a common method of value exchange in a number of types of criminal activity,” explains the four-page proposal. “This collaborative project has brought together a variety of experts from different disciplines and practices to explore the challenges posed by criminal use of cryptocurrency with regard to the investigation, production of conclusive evidence of wrongdoing, and prosecution of offenders.”
Continue reading
https://news.bitcoin.com/uk-police-drafts-detailed-bitcoin-seizure-guide/
Jump to: