2018-7-13 22:12 |
Regulation
Japanese police have seized cryptocurrency belonging to a man with unpaid parking fines.
The police explain that the revised fund settlement law enacted in April last year allows cryptocurrency to be seized like any other asset.
Japan Confirms Entrance Into the Crypto Space
Crypto Seized for Parking Violations
Image from the Hyogo Prefectural Police’s website.
The Hyogo Prefectural Police traffic guidance division announced this week that it had seized cryptocurrency owned by a 59-year-old resident with multiple delinquent parking violation charges, local media reported.
The Kobe Shimbun reported that about 5,000 yen (~US$44) worth of cryptocurrency was seized but the police did not reveal which crypto.
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