A bitcoin trader has been complaining about how he had thousands of pounds of cash seized under legislation that is usually used to target drug dealers.
Back in May, Max Flores a 27-year-old Bitcoin trader from Glasgow saw his Bank account frozen. He was then informed the account was being closed and was scheduled to come and collect his funds.
Max went on to retrieve his funds and to understand what was happening but when he got there, he was stopped by the Scottish police who told him it was seizing his cash under proceedings of crime legislation.
Max Flores commented:
“The bank only told me I couldn’t use my account and said it had been frozen until we investigate something. They then said your account is getting closed and asked me to come in and get my money at a specific time and date. I was stopped by the police when I left the bank; they said you are not under arrest, but we are taking your money.”
He was now under investigation for fraudulent activities. The court then granted permission