4 ms·

Government cleans crime proceeds when they auction it off. Same for planes and cars.

• counttheforks 4y ago
  Which government, and are there international agreements about this?
  • dopamean 4y ago
    I'd assume whichever government seized the goods.
  • landemva 4y ago
    USA federal government sold seized bitcoin years ago. https://www.reuters.com/article/us-usa-bitcoin/venture-capitalist-draper-wins-u-s-bitcoin-auction-idUSKBN0F719920140702 https://www.reuters.com/article/us-usa-bitcoin/venture-capit... And local and State government. https://www.nyc.gov/site/nypd/services/vehicles-property/police-auction.page https://www.nyc.gov/site/nypd/services/vehicles-property/pol... USA is sovereign and does not respect international agreements.
  • MerelyMortal 4y ago
    Ireland sold seized Monero (XMR) and Bitcoin (BTC) in an online auction in 2019. I think they even opened it up to foreigners.
• ISL 4y ago
  Yes, but that is after they seize it. If a criminal steals my bitcoin and spends it, everyone who accepts it and everyone who accepts it from them is taking delivery of stolen property, trivially traceable back to me. I'll want it back, because it is mine and was stolen. https://en.wikipedia.org/wiki/Possession_of_stolen_goods https://en.wikipedia.org/wiki/Possession_of_stolen_goods As a practical matter, if crypto continues to gain adoption, law must emerge to keep the ecosystem from getting jammed up.