Fencing stolen property is a fresh crime with a new countdown.
It would be easy to use satellites to find the person with hundreds of Tesla's in their front yard.
people in crypto buy lambos
you can buy a telsa with btc
Or a lambo
not with converting it to fiat.
and we both know I did not mean _that_ Fiat.
Meaningless unless they fix the BTC price of the Tesla
Not meaningless for taxes
How so? If I bought a Tesla with Bitcoin apparently I'd be forced to pay short-term capital gains even though I'm using it as just a payment currency. Doesn't sound like a good deal tax-wise. If Tesla gave me an equivalent discount on the BTC price though, that would change the game.
They want BTC.
They don't want you to buy BTC and spend it with them. That's not what they're incentivizing.
Unless it’s the same owner just rotating addresses
But that wouldn’t make those bitcoins theirs legally, would it?
I believe in Hong Kong it's 12 years for criminal charges and 6 years for civil charges.
Does the limitation resets if you move the funds publicly?
Case law on Bitcoin is still new. No guarantees depending on the jurisdiction, but I would figure most common law regions would not see it that way. The obvious analogy is moving the stolen funds between your accounts and publishing info about that. The limitation period on the fraud would still be from when the fraud was initially discovered by its rightful owner.
I wonder if some jurisdiction has a law against transporting stolen goods, and someone could twist that into saying that moving the coins from one address to another qualifies, and consider that a new crime, with the clock starting today.