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Article posted Jul 01 2013, 7:12 PM Category: Economy Source: IO9 Print

U.S. feds make their first-ever Bitcoin seizure

It may be the currency of the future, but it now appears that Bitcoin is not immune to the U.S. government's prying eyes and hands especially when it's being used to fuel black market activities.

A few days ago, the federal Drug Enforcement Agency announced that it had seized 11.02 bitcons (~USD$814.22) from South Carolina's Eric Daniel Hughes, who was trying to buy illegal substances with the digital currency. It's the first time this has ever happened, setting a very important precedent in this emerging area.

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