Initially Unseized Cryptos Can be Added as Crime Proceeds Later, Irish Judge Rules

Justice Carmel Stewart, a judge at Ireland’s High Court, recently ruled that cryptocurrency not seized by the authorities during an initial investigation can be added later as crime proceeds due to the “evolving” nature of the virtual coins. After Monday’s landmark ruling, 2,000 Ethereum (ETH) tokens, which now are worth a total of $233,000 should be given to the government.

The case dates back to November 2014 when Dublin resident Neil Mannion was arrested for selling illegal drugs. Around a year later, Mannion received a six-and-a-half year jail sentence after admitting to the possession of cannabis, amphetamine, and LSD with the aim to sell them through a distribution center in the Irish capital and via darknet channels.

The Criminal Asset Bureau (CAB) also claimed that the d…

This article appeared first on Cryptovest

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