5 ms·
To me this feels similar to how most paper cash has traces of cocaine.[1] LEO will seize the cash, but if they re-enter it into circulation the cash becomes leg
by game-of-throws 4y ago
To me this feels similar to how most paper cash has traces of cocaine.[1] LEO will seize the cash, but if they re-enter it into circulation the cash becomes legitimate again. You're not liable if you spend the same contaminated dollar bill that a drug dealer once used, but you would be liable if you did business with that drug dealer.
[1]: https://en.wikipedia.org/wiki/Contaminated_currency https://en.wikipedia.org/wiki/Contaminated_currency
- birdyrooster 4y agoExcept this isn't currency. This is property (a definition given by the SEC) which has a completely different legal standard. There is no excuse of ignorance for receiving and selling stolen property or property used in service of a crime. It's an open secret that crypto is being used for illegal activity because it is not being enforced currently.
- Sinbe 4y ago> There is no excuse of ignorance for receiving and selling stolen property or property used in service of a crime Let's say your public address is public, all your net worth is there. A tainted account can send a small amount to you, nothing you can do about it. Is your account now tainted as well? If yes then bad actors now have a powerful tool of wealth destruction.