Israel has allowed authorities to seize suspicious crypto wallets This ruling came as a counter-terrorism measure Israel, with its latest decision on 18 December, has set a key precedent with regards to crypto seizures. A magistrate court in Tel Aviv approved the government’s request to seize crypto assets from wallets associated with terror funding. Confiscating […]
This ruling came as a counter-terrorism measure
Israel, with its latest decision on 18 December, has set a key precedent with regards to crypto seizures. A magistrate court in Tel Aviv approved the government’s request to seize crypto assets from wallets associated with terror funding.published by the Jewish News Syndicate , authorities have confiscated thousands of dollars’ worth of crypto since the ruling was made public last week.
The previous rules only permitted law enforcement officials to seize digital assets directly linked to terrorist activities. This meant that the remaining funds from the wallet used for these purposes were immune to seizures. Israel, until press time, identified and blacklisted over 150 digital wallets allegedly associated with terror funding.Benny Grantz, Israel’s Minister of Defense, was the one to reveal this update with JNS. His office revealed that since the ruling last week,Law enforcement officials also seized $750,000 worth of crypto from these blacklisted wallets back in December 2021.