This isn’t a particularly cynical take, either; it was the opening part of the negotiation with Mt. Gox’s bankruptcy trustee over the customer deposits at Mutulum Sigulum, their US subsidiary and money laundering front. Conversation went:
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Government: “We have you pretty dead to rights.” Trustee: “I just got here, and am an actual responsible adult. What are my options?” Government: “Save everyone some trouble. We keep half, you get half for the bankrupcy estate.” Trustee: “Done.”
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End of conversation
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"We were laundering money, but it's ok because we were only going it to get around banks enforcing KYC rules which should never have applied to bitcoin in the first place."
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this kind of money is peanuts to tax revenues, so only potential advantage to gov is that it's not from a public budget invites the question: who gets to decide the disposition of that money, once it's seized?
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