Government seized bitcoins

government seized bitcoins

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The proceeds of such auctions are typically deposited into the Treasury Forfeiture Fund or the person who is alleged to have hacked into Silk Road and stolen the money. Sign In Create your free.

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Why The US Gov Can't Afford To Sell Bitcoin
Among other things, Bitcoin enables the citizens of a country to undermine government authority by circumventing capital controls imposed by it. The US government has been seizing and selling bitcoin for the past 10 years, when it should have just held. Bitcoin is seized by law enforcement as a result of a criminal allegation. Each seizing agency preemptively creates a wallet to temporarily hold the seized.
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Investopedia requires writers to use primary sources to support their work. With that in mind, government-backed cryptocurrencies called central bank digital currencies CBDCs based on blockchain technology are more likely to be accepted by governments than decentralized ones. The Colonial Pipeline hack, which resulted in energy supply disruptions in various states, demonstrated the degree to which such attacks can become national security issues. It'll just take a moment.