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Comment by tshaddox | Hacker News Reader

I would be surprised if the U.S. legal system requires itself to list every possible mechanism by which someone might steal money.

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"Darn it, he's right, there's nothing in the rules here saying a dog can't play basketball or fetch money out of a bank vault..."

Bitcoins aren't money.

18 U.S.C. § 2311 defines "money" in the context of stolen property as:

> the legal tender of the United States or of any foreign country, or any counterfeit thereof

Bitcoin has, at times, met this standard by being the legal tender of a foreign country.

Wait, does that mean that counterfeit money is legally money in the US?

For the purpose of charging someone with a crime under 18 U.S.C. Chapter 113, yes.

They're property which is also illegal to steal.

Good luck convincing the government that you aren’t guilty of money laundering because you used bitcoins.

It’d be money laundering because money went in on one end, and money came out at the other end. Bitcoin would’ve been the vehicle yes. Still not money though.

Something doesn’t have to be money to be involved in money laundering, obviously.

Your legal analysis is very much incorrect. The U.S. will prosecute you for money laundering if you e.g. provide an illegal service, receive payment for that illegal service in bitcoins, then use a bitcoin mixing service, and then finally exchange your post-mixed bitcoins for goods. This is money laundering, despite there being no other money (like dollars) involved any step along the way.

In fact, the U.S. has prosecuted and convicted people for money laundering simply for operating the bitcoin mixing service, which is clearly just bitcoins in and bitcoins out.

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