Topic: US GOVERNMENT CONFISCATES IRANIAN BITCOIN HOLDER ASSETS - page 2. (Read 229 times)
So Bitcoin wallets are just like any other bank account which can be taken over/freezed by Government or police if illegal activities or danger involved
that news doesn't make any sense at all!
for example how did they confiscate these coins? and how many users did they belong to? was it one person doing something like a trade with a third party that they got in the middle and confiscated it? or is it from accounts on exchanges? if so which exchange because majority of them don't already allow anyone from Iran to sign up for instance Coinbase which is in US already blocks Iran.
and the title says "assets" but reports the value in BTC or was it bitcoin?!!!
for example how did they confiscate these coins? and how many users did they belong to? was it one person doing something like a trade with a third party that they got in the middle and confiscated it? or is it from accounts on exchanges? if so which exchange because majority of them don't already allow anyone from Iran to sign up for instance Coinbase which is in US already blocks Iran.
and the title says "assets" but reports the value in BTC or was it bitcoin?!!!
if this is really gonna happen, why do we advertise that crypto is a free world 
Source: https://bitcoinist.com/us-government-confiscates-iranian-bitcoin-holder-assets/
Quote
Recently, ibena reported that the U.S. Federal Government had confiscated 500 BTC belonging to Iranians — valued at 25 billion rials at the time of purchase.
The exact reason for the confiscation is unclear, though some speculate it has to do with Iranian bitcoin holders evading imposed U.S. sanctions.
Sepehr Mohammadi, the head of Iranian’s Blockchain Association, stated that confiscation had begun last year and was still continuing. He underscored the sentiment held by many when he expressed to ibena that “some people believe that this confiscation is because of circumventing U.S. sanctions by bitcoin holders.”
Mohammadi further explained that the total amount of assets confiscated by the Federal government was unclear but that it was at least 500 bitcoins (and counting). This represented a net purchase value of 25 billion rials — or about USD 5.77 million.
The exact reason for the confiscation is unclear, though some speculate it has to do with Iranian bitcoin holders evading imposed U.S. sanctions.
Sepehr Mohammadi, the head of Iranian’s Blockchain Association, stated that confiscation had begun last year and was still continuing. He underscored the sentiment held by many when he expressed to ibena that “some people believe that this confiscation is because of circumventing U.S. sanctions by bitcoin holders.”
Mohammadi further explained that the total amount of assets confiscated by the Federal government was unclear but that it was at least 500 bitcoins (and counting). This represented a net purchase value of 25 billion rials — or about USD 5.77 million.
Source: https://bitcoinist.com/us-government-confiscates-iranian-bitcoin-holder-assets/
Jump to: