Governments Seize the Opportunity to Control Bitcoin

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With the recent announcement of the Blockchain Alliance “A Public-Private Forum to Help Combat Criminal Activity on the Blockchain” founded by Coin Center and the Chamber of Digital Commerce, CoinTelegraph highlights some recent events overlooked by the Bitcoin industry that immediately precipitated the announcement including an FBI “playbook” and European seizure survey. Ever since Let’s Talk Bitcoin broke the story in June 2013 that the DEA (Drug Enforcement Agency) seized 11.02 bitcoin from a bitcoin user, the internet has been aflutter what exactly it means to seize bitcoin and the extent of control that law enforcement has over everyone’s favorite cryptocurrency. At the time, Bitcoin superstar Andreas M. Antonopoulos stated that “There is no indication the Bitcoin protocol was compromised.  “Seizure” is probably a word used to imply that money was received in the process of a Silk Road sting operation, rather than actually bitcoin seized from the user’s wallet.” Andreas’ words still hold true today. At its core, literally Bitcoin core, it is not possible to seize bitcoin.  However, it is possible to seize bitcoin depending on how a Bitcoin user interacts with the cryptocurrency (including sending it to law enforcement unbeknownst to the user — as was likely …