The official stance of the US Government, at least the IRS, is that Bitcoin is p... | Hacker News

Hacker Newsnew | past | comments | ask | show | jobs | submit

		saraid216 on June 12, 2014 \| parent \| context \| favorite \| on: For Sale: 29,656.51306529 Bitcoins The official stance of the US Government, at least the IRS, is that Bitcoin is property, not currency. Therefore what they seized was not currency, but property, and the correct procedure for property is to sell it by auction.

Glyptodon on June 13, 2014 [–]

If they seize stocks do they sell them at auction rather than on the open market?

Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact