U.S might have over 1 Billion Dollars in seized Cryptocurrencies

[zycrypto]

While it is true that cryptocurrencies represent a risk to investors, it is also true that if there is no investment, there is no risk to assume. If one looks at things from this simplistic perspective, the United States may have discovered one of the best ways to make easy money.

According to an investigation carried out by Fortune , the U. S. government has had custody of at least $1 billion – perhaps even more – in cryptocurrencies at some point or another.

Also, it is impossible to know how much money that country has retained as a result of successful anti-criminal operations, but each time any of them succeeds, the material goods obtained from such activities are confiscated by the State and auctioned or sold to interested third parties. Then that money is redistributed to cover the costs of public administration.

Read More: https://zycrypto.com/u-s-might-1-billion-dollar-seized-cryptocurrencies-unclear-destination/

[Xynerise]

I seriously doubt it is that much.
The Us Government has been known to consistently sell the bottom of their seized Bitcoin.

[DanWalker]

While it is true that cryptocurrencies represent a risk to investors, it is also true that if there is no investment, there is no risk to assume. If one looks at things from this simplistic perspective, the United States may have discovered one of the best ways to make easy money.

According to an investigation carried out by Fortune , the U. S. government has had custody of at least $1 billion – perhaps even more – in cryptocurrencies at some point or another.

Also, it is impossible to know how much money that country has retained as a result of successful anti-criminal operations, but each time any of them succeeds, the material goods obtained from such activities are confiscated by the State and auctioned or sold to interested third parties. Then that money is redistributed to cover the costs of public administration.

Read More: https://zycrypto.com/u-s-might-1-billion-dollar-seized-cryptocurrencies-unclear-destination/

I guess it's a common thing. Of cource they recieve crypto during different operations and it's obvious that they should pay salaries to their staff. I don't see something strange or criminal here.

[Lerikaweb]

Seizures, operations... Bla-bla-bla really guys? it is not the usa, it happenes in every country. Governments treat miners and major traders like criminals, just in order to take their cryptocurrency during an "operation".

[makerst]

While it is true that cryptocurrencies represent a risk to investors, it is also true that if there is no investment, there is no risk to assume. If one looks at things from this simplistic perspective, the United States may have discovered one of the best ways to make easy money.

According to an investigation carried out by Fortune , the U. S. government has had custody of at least $1 billion – perhaps even more – in cryptocurrencies at some point or another.

Also, it is impossible to know how much money that country has retained as a result of successful anti-criminal operations, but each time any of them succeeds, the material goods obtained from such activities are confiscated by the State and auctioned or sold to interested third parties. Then that money is redistributed to cover the costs of public administration.

Read More: https://zycrypto.com/u-s-might-1-billion-dollar-seized-cryptocurrencies-unclear-destination/

I guess it's a common thing. Of cource they recieve crypto during different operations and it's obvious that they should pay salaries to their staff. I don't see something strange or criminal here.

I, too, do not see anything criminal or criminal here. But recently the legislation is very critical of crypto-currencies and investors, I think that they are all on the pencil of the special services

[Daveeoff]

I'm pretty sure some people from the government got nice bonuses from these confiscated Bitcoins

[rayk]

Not 1 billion dollars, it is too much but if they will work on catching crypto criminals, they can really get even more than one billion dollar coin

[Pan Troglodytes]

Seizures, operations... Bla-bla-bla really guys? it is not the usa, it happenes in every country. Governments treat miners and major traders like criminals, just in order to take their cryptocurrency during an "operation".

True, Bulgaria has some twenty percent of its national debt in seized crypto too. Or rather, they had it when bitcoin was higher, now it is probably 10% And as you are saying, other countries probably do too, though they are more shy about it.

Read the deatils here, if you are interested, the article was published on Dec 12th, 2017 when bitcoin was higher than it is today: https://cointelegraph.com/news/bulgaria-seizes-enough-bitcoin-to-pay-off-15-of-national-debt

[Coffee135]

$ 1 billion for the US, it's the little things. This is a huge sum for each of us. These bitcoins have long been confiscated and bring income to the Treasury. The government is in no hurry to sell them. This further confirms that the US government tells us one thing and does quite another. That's why I don't believe them.

[Pan Troglodytes]

$ 1 billion for the US, it's the little things. This is a huge sum for each of us. These bitcoins have long been confiscated and bring income to the Treasury. The government is in no hurry to sell them. This further confirms that the US government tells us one thing and does quite another. That's why I don't believe them.

No they are actually selling them on auctions quite regularly, they don't hodl as one might expect

Here: https://www.coindesk.com/us-government-to-sell-off-10-million-in-seized-bitcoin-and-bitcoin-cash/
and here: http://markets.businessinsider.com/currencies/news/us-government-to-auction-off-54-million-of-bitcoins-2018-1-1012932525
you'll find just the two most recent auctions.