China freezing BTC trader's bank accounts

[flenser]

Wonder if it's like in the US where the cops get to keep the loot indefinitely.

Chinese Authority Freezes Thousands of Cryptocurrency Traders' Bank Accounts

Several thousands of bank accounts belonging to cryptocurrency traders have reportedly been frozen by Chinese police as a result of an extensive crackdown on illicit activities. Frozen accounts are not necessarily involved in wrongdoing and supposedly can be unfrozen if the authority finds no evidence of illicit activities.


full article

 

[Kingsmountain]

Sounds like guilty until proven innocent

 

[Savagesteve]

Sounds like guilty until proven innocent

Sounds like a communist nation

 

[Whopperflopper]

Sounds like guilty until proven innocent

Same as here.

 

[Peltz]

Same as here.

USA LE and DEA are far worse than any communist country.

 

[sinewave3]

Not just China, USA is prepared to freeze bitcoin accounts and has been planning it since 2018


Pentagon Documents Reveal The U.S. Has Planned For A Bitcoin Rebellion


Bitcoin has struggled to find support in the U.S. government, with president Donald Trump, along with Treasury secretary Steven Mnuchin, leading the criticism.

Now, it’s been revealed the U.S. Department of Defense has wargamed scenarios involving a Generation Z rebellion that uses bitcoin to undermine and evade “the establishment.”


In the Pentagon war game, young people born between the mid-1990s and early 2010s use cyber attacks to steal money and convert it to bitcoin, documents published by investigative news site The Intercept revealed.

Called the 2018 Joint Land, Air and Sea Strategic Special Program (JLASS), the war game is set in 2025 and is “intended to reflect a plausible depiction of major trends and influences in the world regions.”

The scenario, which echoes recent protests in the U.S. and around the world against racial injustice, involves some members of Gen Z, who see themselves “as agents for social change” and believe the “system is rigged” against them, begin a “global cyber campaign to expose injustice and corruption and to support causes it deem beneficial.”