Government Seizure of Bitcoin

The cluster discusses whether governments, especially the US, can seize, tax, regulate, or criminalize Bitcoin despite its decentralized nature, including examples of FBI seizures and debates on wallet blacklisting or tainted coins.

📉 Falling 0.3x Finance & Crypto
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Keywords

e.g US NobodyCaribou far.html LLC www.cnbc usmarshals.gov U.S TFA FDR bitcoin bitcoins transactions illegal btc coins government crypto wallet stolen

Sample Comments

rsj_hn Jun 4, 2021 View on HN

Bitcoin is just math. The US isn't going to be able make holding bitcoin illegal, and I very much doubt it will ever be able to make the buying and selling of it illegal -- there are even free speech issues here. But what it can do is tax the hell out of it, regulate the exchanges as investment platforms, but they will have a hard time trying to make it illegal to pay someone to sign a cryptographic hash.

caf Nov 18, 2021 View on HN

It seems that bitcoin can be too.https://www.usmarshals.gov/assets/2020/febbitcoinauction/

TheHypnotist Nov 5, 2020 View on HN

I'm not the most saavy BTC person, but isn't part of the allure of bitcoin the ability to evade this type of seizure?

ashray Oct 2, 2013 View on HN

His money is in bitcoins. Not sure if they'll be able to seize it but that would be an interesting situation in itself.

rr808 Mar 11, 2022 View on HN

I'm pretty sure any government that wants to will take your regular bitcoin too. Just put you in jail til you hand it over. If you make any transaction it'll be easy for them to see your wallet.

elevenoh Jul 12, 2021 View on HN

>Even Bitcoin has much of the same issues, imagine if the U.S. gov blacklisted your wallet and anyone doing business with a given address would be arrested... the end results would be the same.This is a widely held view, yet deeply misguided. A bitcoin is a bitcoin. A single account to account transfer means a disconnect & plausible deniability for the recipient.This claim does not hold up legally.Just as you earn & are free to use USD that was illegally used at one point.

arethuza Nov 21, 2022 View on HN

Doesn't seem to stop organisations like the FBI from "seizing" Bitcoins?e.g.https://www.cnbc.com/2022/11/07/feds-seize-3point36-billion-...

0xfeba Oct 12, 2017 View on HN

Bitcoins can and have been seized.

aflag Oct 5, 2019 View on HN

If that doesn't kill it, they could further make any bitcoin transactions illegal.

endisneigh Dec 7, 2021 View on HN

I thought Bitcoin was impervious to legal matters and reality in general?