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.
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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.
It seems that bitcoin can be too.https://www.usmarshals.gov/assets/2020/febbitcoinauction/
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?
His money is in bitcoins. Not sure if they'll be able to seize it but that would be an interesting situation in itself.
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.
>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.
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-...
Bitcoins can and have been seized.
If that doesn't kill it, they could further make any bitcoin transactions illegal.
I thought Bitcoin was impervious to legal matters and reality in general?