Comment on The Feds Are Ready To Sell $25 Million of Bitcoin Seized From The Silk RoadComments−viraptor12yapproximately $25 million worth of Bitcoin will be auctioned off soonAt least they won't sell it via usual exchanges in one go. That would make quite a mess... (bringing price down to ~0 for a while before everything rebalances)−alexcroox12yMaybe that's exactly what they want to do to this rogue currency...−rjbwork12yThey might want to, but I think it is illegal to. They have to auction it just like all other siezed assets.−pyre12yDoes that mean if they seized foreign currency, it would also need to be auctioned off?
Comments
At least they won't sell it via usual exchanges in one go. That would make quite a mess... (bringing price down to ~0 for a while before everything rebalances)
Maybe that's exactly what they want to do to this rogue currency...
They might want to, but I think it is illegal to. They have to auction it just like all other siezed assets.
Does that mean if they seized foreign currency, it would also need to be auctioned off?