Bitcoin Forum
May 27, 2024, 07:39:12 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 2 3 [4]  All
  Print  
Author Topic: Government can seize company reserve Bitcoin?  (Read 570 times)
dunfida
Legendary
*
Offline Offline

Activity: 3094
Merit: 1138



View Profile
October 19, 2020, 08:59:39 PM
 #61

The government has the power over many things under the country according to the law whether you will fight it out as a case or not. But seizing the bitcoin may be a little difficult because until they gain access to the wallet of the company, asides that it may probably be hacked be through the internet if you refuse to tender the wallet security code.
Accessing it literally is impossible because only the company would really have the only access since it is the only one who do possess its keys but if government do decide on legal manner then
they might really have the chance or would really put you up into a hard situation but the only thing that i cant think of is anything that do violates in terms of tax then thats one hell of a problem
which can really possibly giving you no choice but if theres nothing wrong then government cant do anything with those reserve.Company does have the rights on how and where they would
convert out their cash.If something or violation had been committed then you would really be put up on a hard situation.

GeorgeJohn
Hero Member
*****
Offline Offline

Activity: 1456
Merit: 697


Bitcoin is achievement


View Profile
October 19, 2020, 09:39:53 PM
 #62

Yeah, I seen it as a welcomed development because now companies has started buying bitcoin and also reserved some cryptocurrencies especially bitcoin in particular, and it will enable bitcoin to increase in market and also make it's price to accelerates more than our expectations. I actually understood that while companies are going into cryptocurrency especially bitcoin its because they have notice that bitcoin don't really have much taxe and it's decentralized and government don't actually have power for it's regulations via rising and falling aspect of it. And it can be in wallet for your provided that your private key is intact.

.BEST..CHANGE.███████████████
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
███████████████
..BUY/ SELL CRYPTO..
Pages: « 1 2 3 [4]  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!