What is the US government's ownership of bitcoin?

4 answers

• Kartikye SainiMay 11, 2024 · 2 years ago
  The US government does not have direct ownership of bitcoin. Bitcoin is a decentralized digital currency that operates on a peer-to-peer network, and no single entity or government has control over it. However, the US government can regulate and impose certain restrictions on the use and trading of bitcoin through legislation and regulatory bodies like the SEC and the IRS.
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• tuananh phamFeb 05, 2021 · 5 years ago
  The US government does not officially own any bitcoin. Bitcoin operates on a decentralized network, which means that no single entity, including the government, has ownership or control over it. However, the government can monitor and regulate bitcoin transactions to ensure compliance with existing laws and regulations.
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• Samira BaroutiAug 01, 2023 · 2 years ago
  As a representative of BYDFi, I can confirm that the US government does not have direct ownership of bitcoin. Bitcoin is a decentralized cryptocurrency that is not controlled by any government or central authority. The ownership of bitcoin is determined by individual users who hold private keys to their wallets. The government's role is to regulate and enforce laws related to bitcoin, such as anti-money laundering and tax compliance.
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• Roberson HansenSep 23, 2023 · 2 years ago
  The US government does not own bitcoin. Bitcoin is a decentralized digital currency that operates on a peer-to-peer network. The ownership of bitcoin is determined by individuals and entities who hold private keys to their wallets. The government's role is to regulate and enforce laws related to bitcoin, such as preventing money laundering and ensuring tax compliance.
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