The IRS's proposed increase in #cryptocurrency #surveillance could lead to a surge in #confiscations by the Department of Justice. The DOJ wants to expand its authority to seize cryptocurrency in order to deter fraud and manipulation. The vast surveillance data collected by the IRS could provide new opportunities for cryptocurrency confiscation, even without evidence of a crime.

Cointelegraph

Expect new IRS crypto surveillance to come with a surge in confiscation

The Justice Department is claiming that it