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Scottish Court Sets Precedent With Crypto-to-Cash Confiscation

Scottish Court Sets Precedent With Crypto-to-Cash Confiscation



Prosecutors in Scotland have made legal history by converting cryptocurrency into cash under proceeds of crime legislation. John Ross Rennie, 29, has been ordered to hand over £109,601 after his BTC holdings were linked to criminal activity. The case initially proposed a settlement entirely in cryptocurrency, but Judge Lady Ross sought legal clarification on whether […]



Source: https://news.bitcoin.com/scottish-court-sets-precedent-with-crypto-to-cash-confiscation/

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