3 ms·

They typically get auctioned off, much like other property seized in asset forfeiture proceedings.

• lastofthemojito 6y ago
  That's an interesting angle in the "is Bitcoin really a currency or is it just property?" argument. What would happen if the US government seized a billion dollars worth of foreign cash? Would that get auctioned off too? Seems like a weird auction, selling money.
  • tantalor 6y ago
    https://en.wikipedia.org/wiki/Foreign_exchange_market https://en.wikipedia.org/wiki/Foreign_exchange_market
  • kjaftaedi 6y ago
    It's a security. Securities are traded like currency because the security represents a proof of ownership.
• tantalor 6y ago
  Why go through the trouble? Count it as "revenue" and destroy it. If the govt wants 1B in cash there are easier ways to get it.