Our beloved country of Belgium is once again making headlines worldwide, and this time it has to do with the confiscation of Bitcoins. This marks the first time Bitcoins are actively confiscated by a governmental agency , and we can only hope it will also be one of the last times. oddly enough, these coins might not get sold off, as the Central Agency for Seizure and Confiscation is working on a “Bitcoin storage solution”.
Theo Jacobs, magistrate & director of the Central Agency for Seizure and Confiscation (CASC) in Belgium, tweeted the news earlier this morning. The order for seizing the Bitcoins was issued by the Belgian District Attorney. In total, a few hundred Bitcoins have been confiscated, and the CASC is working on a way to safely store these Bitcoins.
Unfortunately, no official word has been given on what caused the confiscation order to be issued by the Belgian District Attorney. Belgium is relatively quiet on the Bitcoin front, even though a few shops have recently started accepting the digital currency for payments. Furthermore, there are two Bitcoin ATM’s to be found in Belgium, one in Ghent and one in Antwerp.
However, it is in fact forbidden to offer any services investing in digital currencies in Belgium.Despite their best efforts, the Belgian FSMA (Financial Services and Market Authority) can not actively forbid Belgian citizens to purchase Bitcoins.
According to the “mainstream media”, Bitcoin’s “shady” history is not helping matters at all. They also like to stress how Europe has warned people to steer away from digital currencies, due to their inherent danger and risks. Given the amount of worldwide fraudulent cases involving Bitcoin and other cryptocurrencies, and the fact Bitcoins are a big target for hackers, it is best to avoid this currency at all costs.