What does the police do if they seize bitcoin from criminals?

[Sebas.tian]

Lol, so the government took $48 million dollars and made them $1.1 billion?

Yeah, the government has done many things that put us thinking about their involvement into bitcoin. They were once against the said bitcoin and now after seizure they will organize an auction for what they don't believed in. The government of the united states of America had made huge amount of money from bitcoin auctions from inception.

[Benefactor]

If Bitcoin currency has been declared illegal in your country however, it is no less than taking drugs to carry. If the police seize bitcoin, it will not be a problem to convert it into domestic currency. Many times it is deposited in the police treasury. May be deposited in the state treasury of the country. And you know very well that it is not very difficult for the police to convert Bitcoin into national currency because they all know how to do it.

[jostorres]

Many criminals choose to use bitcoin for a billion reasons. I don't blame them. In fiat money, if police finds out that a drug dealer sells drugs, they arrest him and then his millions go to government.

If he had (let's say) 1000BTC what would police do? There is no law that says "Police can then take his private keys and move his coins to a government's address". If the police cannot do something with the money then they will leave them to his address. Will these coins get lost? I don't think so. When criminal gets fired from the jail (if he went) he will still have his fortune, right?

In 2013, silk road's owner had saved in bitcoin 400,000$ (by that time's price!!!).

Lol you already called them criminals. When you’re a criminal, what exactly do you expect the government to do, give you back your money when it’s clear that you got them by involving yourself in criminal activities?

Lol, they are going to seize the money from you and then set up an auction just like they did the last time and the whole assets goes to the highest bidder while the money goes to the government pocket lol. Any money that’s not gotten legally, if you’re caught by the government, then you’re losing it as long they can prove how and where it was gotten.

[michellee]

If Bitcoin currency has been declared illegal in your country however, it is no less than taking drugs to carry. If the police seize bitcoin, it will not be a problem to convert it into domestic currency. Many times it is deposited in the police treasury. May be deposited in the state treasury of the country. And you know very well that it is not very difficult for the police to convert Bitcoin into national currency because they all know how to do it.

The problem is when the police become corrupt because they see the big number behind bitcoin. That can lead the corrupt police to take a small amount of the money after converting the local currency or sending a small amount of satoshi to their own wallet. But we hope that the police will not do that because the police represented by justice for the people.

[Negotiation]

You are right that law enforcement is at the top of the list of corruption because they do what they want because the government does not have proper supervision However due to the lack of validity of Bitcoin it will be converted into Fiat currency and its circulation will be increased. However Bitcoin cannot be used as virtual currency by the police Will be deposited in the treasury of the government and they will perform the work as directed by the government.

[AakZaki]

The police have full authority to take it. The police has the right to confiscate tools and media used to carry out illegal actions such as drug transactions that use bitcoin as a means of payment. The police will take it if they can. the police will interrogate the drug dealer to be able to open his bitcoin wallet.

The acquired bitcoin will be decided in the trial, whether the bitcoin is the right of the government or others.