Can The Irs Seize Bitcoin
In the latest attempts to weed out bad actors from the crypto space, the IRS announced they had seized over $3.5 billion worth of cryptocurrency as of August 2021. The reports come amid growing fears that criminals are increasingly turning to crypto to commit illegal activities, including money laundering, sale of narcotics, fraud, and terrorism. However, the IRS’ seizures are not new events directly tied to Bitcoin. The US government doesn’t recognize Bitcoin as a legal tender but allows people to transact on crypto-friendly platforms and exchanges such as bitcoin equaliser....