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Bitcoin is constantly confiscated by the US government. Can you clarify what you mean?
by skellera 4y ago
Bitcoin is constantly confiscated by the US government. Can you clarify what you mean?
- mughinn 4y agoI guess he mostly means as a way to get around currency controls. Obviously if the government comes with the police you can be confiscated But for example, Argentina has incredibly harsh currency controls, any freelancer or company that tries to export goods or services gets paid half the value per dollar and is forced to sell their dollars to the government While companies can't really avoid it, most freelancers go around the control by using crypto and so can get the full value of their work
- Ferret7446 4y agoThe government has to physically come and take it from you. They cannot remotely freeze Bitcoin like they can with conventional financial instruments.