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RE: Bittrex seems undecided how they want to proceed with the 23 million STEEM

in GEMS5 years ago

Bittrex technically has possession of the coins, but due to AML they can't declare them as donation as there is maximum number of transferable coins that is exempt from AML.

Basically any large amount of currency is by default assumed to be criminal in origin, unless proven otherwise... As the account where they were sent was accessed by someone other than intended user of the account, they can't possibly prove the legitimate origin of the coins.