dicksi Posted June 15, 2014 Report Posted June 15, 2014 (edited) The U.S. government plans to auction about 30,000 bitcoin, the electronic currency, valued at about $17.4 million, on June 27 the U.S. Marshals Service said.The bitcoin were seized during an FBI raid in October on the Internet marketplace Silk Road, known as a hub for transactions involving illegal drugs and criminal activities.The bitcoins came from six wallets affiliated with the Silk Road, the online marketplace for mostly illicit goods that was shut down in October 2013. Ulbricht, who is being held without bail, is scheduled for trial in November.Ulbricht, who allegedly went by the online handle “Dread Pirate Roberts,” is fighting in court to reclaim part of a much larger batch of 144,342 seized coins, worth as much as $86.6 million.Required Registration Items: A manually signed pdf copy of the Bidder Registration Form A copy of a Government-issued photo ID for the Bidder (or Control Person(s) of Bidder) $200,000 USD deposit sent by wire transfer originating from a bank located within the United States (please provide receipt of transfer) USMS Asset Forfeiture SaleWhat is interesting about the move from US Marshal is that by doing a legal auction of bitcoins, they do legalize the use and trading of Bitcoin. Not in a formal way, but why would the US Marshal sell bitcoins if other authorities in the US would prohibit the use of Bitcoin? US Marshal do not auction of drugs or guns, but they auction of bitcoins. This could be a pointer of where the authorities in the US are heading when it comes to Bitcoin legalization (regulation). Or, the different departments could all be non-communicating, meaning that the US Marshal move has not been influenced by any other party. If this is the case, there is no way to tell what other institutions might do regarding Bitcoin. It can go both ways. Edited June 15, 2014 by dicksi Quote
