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Imagine the opposite scenario where Bitcoin crashed by 100K USD, and they came back saying "sorry, your stuff devalued, you still owe us 100K."
by devoutsalsa 5y ago
Imagine the opposite scenario where Bitcoin crashed by 100K USD, and they came back saying "sorry, your stuff devalued, you still owe us 100K."
- zaidf 5y agoNone of this would matter if the government didn't touch seized assets until the legal process is over. This is especially easy to do with digital coins (vs. say a room full of furniture which could incur not-so-insignificant storage costs.)
- maverwa 5y agoAs far as I understand the article, thats should not matter in this case. They did not "touch" the coins to cause this problem. They just recorded their value in SEK instead the raw number of BTC so when the process was over, they had to pay back the difference between what they sized originally (36 BTC, 1.3mio SEK a few years/months ago) and what they wrote down in their records (1.3 mio SEK or ~3 BTC nowadays). The same might happen for every other "foregin" currency, right?
- zaarn 5y agoI don't think this would be the case. The government seized "X SEK" of BTC. The government auctioned those BTC off at the end, like they would anything else, and there was BTC left over after that, I don't think there should be any reason why it shouldn't be returned to the proper owner after that. This wasn't part of a fine, rather, they simply took the BTC as part of the drug money, so it's not like the government could argue that if it lost value they should be owed the remainder.