In a case believed to be the first of its kind, federal authorities have seized a Charleston [South Carolina] man's virtual currency due to an alleged drug law violation with possible links to a shadowy online black market.
The U.S. Drug Enforcement Administration recently posted a forfeiture notice indicating that agents had seized 11.02 Bitcoins worth $814 from 31-year-old Eric Daniel Hughes for allegedly violating the federal Controlled Substances Act. No other details were provided.
Correcting misconceptions about markets, economics, asset prices, derivatives, equities, debt and finance
Sunday, July 7, 2013
Feds Seize Bitcoins In Drug Bust
Posted By Milton Recht
From The Post and Courier, "Digital currency seized in alleged drug law violation in Charleston" by Glenn Smith:
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