Why is cryptocurrency safer than regular money?

At the end of August at the Pittsburgh International Airport (Pennsylvania), an agent of the Anti-Corruption AdministrationDrug Enforcement Administration (DEA) The USA seized from her American citizen Rebecca Brown all her father’s financial savings accumulated over 79 years.

The story has deeply affected the cryptocurrency community, while Brown says $82,373 in cash was seized"Does not fit into any framework".

It should be noted that in terms of physicalCryptocurrency captures are protected by cryptographic methods, and they can be freely moved across state and international borders. This makes them very different from fiat currency, bank checks and money transfers.

Brown was returning home to Massachusetts afterafter visiting her father, Terry Rolin, who hoped that Rebecca would open a joint bank account. The retired railway engineer was worried that he had to keep money at home.

According to the Washington Post, Terry's parentsRolin survived the times of the Great Depression and the collapse of the banking system, storing cash at home. Rolin was tired of this, and, having moved to a small apartment, decided to use a bank account.

Then Rolin decided that Rebecca could help him. He handed the money to his daughter in a container for food, and she, not finding time to go to the bank, was about to fly home by domestic flight.

However, Rebecca Brown first checked on the Internet whether transporting money would be a violation of the law. The government website stated that“Any amount of cash can be carried on domestic flights.”However, when money was found in her carry-on luggage, she was detained and questioned.

It should be noted that confiscation of cash in such cases is allowed if law enforcement officers have reason to believe that the origin of the money is associated with illegal activities.

Agents also interrogated her father, who, suffering from mental illness at the age of 79, could not provide critical details of the origin of the money.

In the end, it turned out that the stories of father and daughter"do not match"and the agent announced to Rebecca the confiscation of money.

Brown's story is not unique. One government report says that from 2007 to 2017. The US Drug Enforcement Administration seized more than $ 4 billion, and only $ 800 thousand of them turned out to be related to criminal activities.

Rebecca Brown stated:

«I understand that they are struggling withdistribution of drugs, but this is a blatant abuse of power on their part. I am a working person and a US citizen. I pay taxes and try to take care of my elderly father, and they took the money.

January 15 Lawyers at the Washington Institute of Justicefiled a class action lawsuit on behalf of Rebecca Brown and Terry Rolin at the US District Court in Pittsburgh to recover the funds. It turned out that back in October 2019, referring to its authority to combat crime, the DEA informed Rebecca Brown of its intention to finally confiscate the money.

And this example is from the USA, one of the most appropriatecountries in terms of legislation and human rights, it is obvious in other countries to transport cash is even more risky, as actually keep in the bank account.

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