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by advisedwang 1598 days ago
I think it basically still holds - I wouldn't want the bitcoins from someone I suspect got them from crime, knowing they could be traced forward and cause problems for me.
1 comments

For the sake of consistency, would you say the same thing about paper/fiat currency?
If I sell my couch for paper money to a someone that got that money through a crime or in violation of a sanction, I don't realistically have to worry that someone could try and claw back that money from me by tracking the payment.

Paper money has serial numbers, but likely nobody record them during the criminal transactions. Even if they KNOW which serial numbers are involved in a crime (maybe they robbed the mint), there's no database that tells them I have that note now and no infrastructure to catch someone from spending it.

(Of course perhaps the money is clawed back because there's text messages on the criminal's phones about buying the couch. But that's another story)

At least in the US, paper money is exempt from nemo dat but crypto isn't. https://en.wikipedia.org/wiki/Nemo_dat_quod_non_habet
I’m not the person you’re responding to but yes, if the transaction history of tainted cash was publicly available and easily traceable, I’d be vary of receiving it.