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Evansville Board approves Coinbase law‑enforcement crypto holding account for police

City of Evansville Board of Public Safety · December 4, 2024
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

The City of Evansville Board of Public Safety voted Dec. 4 to allow the police department to open a Coinbase law‑enforcement cold wallet to hold seized or recovered cryptocurrency, citing Department of Justice guidance to speed restitution to fraud victims.

The City of Evansville Board of Public Safety voted Dec. 4 to authorize the police department to open a Coinbase law‑enforcement cryptocurrency holding account to store seized or recovered cryptocurrency.

Board members heard from police representatives that local prosecutors and the Department of Justice have recommended establishing a local law‑enforcement account so…

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