CroSat
bitcoin newsSep 4, 2024

Scottish Court Sets Precedent With Crypto-to-Cash Confiscation

Edited by Steinar Vigdel Kolnes, Editor, Oslo

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…

Scottish Court Sets Precedent With Crypto-to-Cash Confiscation

Scottish Court Sets Precedent With Crypto-to-Cash ConfiscationProsecutors 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 […]

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