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yourwifes3rdboyfrend t1_ivksymc wrote

Reply to comment by invisible32 in TIL: That in 2019, some criminals were caught and 36 BTC was confiscated. The authorities valued the worth at €127,000 at the time and was sold 2 years later for €1.5 million. The criminals were returned €1.3 million due to the fact that the amount was expressed in Swedish Krona, not BTC by Wendals87

You cant really have it both ways, you can't not recognize any crypto as a currency, force all action policing through the standard enforcement agiences by declaring it a security, and then have those same agencies use currency laws to skirt the law in their favor when a person holding said securities happens to be bad. Securities are securities, doesn't matter who sells em, the purchaser is owed the lions share, and I say this because in cases in crypto where someone stole your crypto, they use the bitcoin is a security challenge in order to get it back to you, you take that away and international law doesn't have to investigate shit, I admit this is one of the slipriest fucking slopes in history, but last I checked Europe actually gets to vote on individual issues like this, and until yall put forth a referendum on what crypto actually is truly classified as in europe, and vote on that shit, I believe this was the right call

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invisible32 t1_ivqhcy1 wrote

Now that the value has fallen do they need to pay the government 300k euros? Once the payment is settled there should be no back and forth, the value changing two years later should not be relevant. I also wouldn't expect the government to say "Hey you owe us 80k more euros because we decided to hodl and it turned out the value fell."

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