The Belgian Minister of justice proposed to confiscate all cryptocurrencies and begin to regulate all transactions with digital currencies.
Cohen gens, the Minister of justice of Belgium, believes that cryptocurrencies are used by terrorists, criminals and drug traffickers, and therefore the company developing in the sphere of cryptocurrency should be under strict government control. "All our laws to combat abuses based on the reaction intermediary in the financial sector. Acting on today the law does not include virtual currency, because they were not at the time of writing the legislative framework. You need to change the law so that we could cope with the abuse of Bitcoin". Cohen gens proposed to introduce strict laws to cryptocurrencies such as Bitcoin. The Ministry of justice is currently working on new procedures for identifying virtual coins. Moreover, they want to find a solution for the possible forfeiture of the cryptocurrency in Belgium.
In the past the Belgian police have confiscated Bitcoins from drug traffickers during the investigation of criminal cases. But it is unclear whether any body to seize all of the cryptocurrencies in circulation, even in one country.
Why would they bother making an attempt to confiscate cryptocurrencies? It's not like there's a measurable benefit for them and they will not noticeably decrease the amount of crime or terror within Belgium. This is seeming like a smoke-and-mirrors op to try and make sure that the citizens of Belgium are forced into the Euro and aren't allowed to use any alternatives.
Fascinating to be honest. Wasn't expecting this from a country like Belgium.
