4 ms·
I imagine it's just official government procedure. ie. You seized an asset, this is how you sell assets, therefore this is how you sell bitcoins.
by adwf 12y ago
I imagine it's just official government procedure. ie. You seized an asset, this is how you sell assets, therefore this is how you sell bitcoins.
- slewis 12y agoDoes the government sell seized USD?
- saraid216 12y agoThe official stance of the US Government, at least the IRS, is that Bitcoin is property, not currency. Therefore what they seized was not currency, but property, and the correct procedure for property is to sell it by auction.
- Glyptodon 12y agoIf they seize stocks do they sell them at auction rather than on the open market?