UK seized new powers starting today [including destroying Monero]

–Police will no longer be required to make an arrest before seizing crypto from a suspect.

–seize anything, such as written passwords, flash drives, or memory sticks

–destroy crypto assets, such as privacy coins, for the “public good”, like Monero

–goes into effect today

This has the text copy-pasted from the official UK website, but without having to have your IP address literally connect to the official cybercrime division website, (ironically, we seized their text)

https://rebelnet.me/news/0x02fcc902af8d6cedd9

  • shortwavesurfer@monero.town
    1·
    6 months ago

    Well, if they destroy Monero, that’s bad for the person who gets their Monero destroyed, but it’s good for the rest of us, because that just lowers the inflation rate more than it already is. That makes the rest of our Monero more valuable. This is why you also do not write down your passwords because even if they were to seize something like my flash drive with my key pass database on it, they could not get into it and therefore could not get my private key to my Monero.