Search the Community
Showing results for tags 'asset'.
The search index is currently processing. Current results may not be complete.
Found 3 results
-
Join the Papercoin community and receive benefits and rewards FAST. SAFE. ANONYMOUS. TRACEABLE. Papercoin is a decentralized payment system based on the waves blockchain for safe transactions. A secure and anonymous crypto-asset. built with a focus on democracy and privacy. OFFICIAL WEBSITE PAPERCOIN GROUP
-
Most nations' governments today still regard cryptocurrencies poorly, legal-wise. But what happens when they suddenly find themselves holding large sums of crypto, after seizing digital assets from criminals, as an example? If governments refuse to acknowledge that cryptocurrencies have worth and that they shouldn't even touch it with a six-foot pole, then one would expect that whatever crypto assets they would somehow get hold of would have been discarded, destroyed, or locked away in an inaccessible place. But some governments indeed liquidate those crypto assets. And if crypto is to be liquidated at a time when its price has increased due to volatility, what will the government do with the extra cash? If they decide to liquidate assets at a time its price has gone up, it would have been a very shrewd move on their part, and they would have actually profited from crypto, after paying up the various legal costs. Governments also has the option to hodl cryptocurrencies they have seized. Remember the Silk Road incident? What would have happened if the U.S. government decides to keep the BTC they seized back then and sell them today at current prices? BTC prices have already skyrocketed since those days, so one would already have an idea of how much profit the government would make even though their policy over cryptocurrency today is a bit muddled at its best. So maybe despite how much governments piss and moan about cryptocurrencies, once they get hold of large sums of it, they might change their mind after all. Cryptocurrency today has value, and there's no denying it, not even by them. For more insight into this discussion, you can visit the following article: source: https://cointelegraph.com/news/a-legal-asset-after-all-governments-are-cashing-in-on-seized-crypto
- 94 replies
-
- 24
-
- cryptocurrency
- legal
-
(and 1 more)
Tagged with: