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A comment on US Attorney Announces $3.36B Cryptocurrency Seizure in Connection with Silk Road. Parent comment

Re:US Attorney Announces $3.36B Cryptocurrency Seizure in Co... by dragonwriter on Monday November 07, 2022 @06:55PM (#33514260)
> I don't think bitcoin was even a recognized currency until 2014..

It is not legally a “recognized currency” now (“virtual currencies” are essentially treated as non-currency properties), and it was both property and had value before 2014.

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Re:US Attorney Announces $3.36B Cryptocurrency Seizure in Co... by pcthrowaway on Monday November 07, 2022 @07:07PM (#33514358)
Wouldn't it at the very least be a recognized foreign currency, since it's the official currency of 1(?) country
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Re:US Attorney Announces $3.36B Cryptocurrency Seizure in Co... by dragonwriter on Monday November 07, 2022 @07:15PM (#33514422)
Maybe; i was thinking of the treatment of crypto generally and the fact that BTC specifically has been adopted as legal tender and thus might be “foreign currency” rather than merely “virtual currency” to the extent that makes a difference.

I don’t think it matters to the offense here, which only relies on it being property with value, though.

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