In the case of individuals/groups buying seized BTC from US Marshalls, how does that work w/ KYC/AML going forward? Does a legit address "reset" the source or are these people forced to HODL or OTC for life?
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Replying to @dividebynine
Presumably you tell your exchange of choice “I bought these from the government.”, they demand paperwork, you provide, and then transfer in ~trivially approved.
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Replying to @patio11 @dividebynine
This is one of those "color of bits" sort of questions, where technologists think that the digital property holds a taint that is real, static metadata of it. The Bitcoin economy might have products that function on that assumption for KYC, because they're not good at this stuff.
1 reply 0 retweets 1 like
But in the real world, money flows are simply money flows, and they're blessed, damned, or unknown largely on the basis of decisions made by humans, and those decisions can be ratified or reversed in all sorts of gloriously messy ways.
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