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UK Home Office Plans to Sell Seized Cryptocurrency Assets Worth Approximately $7 Billion to Fill Fiscal Gap

Summary: According to reports from The Telegraph, the UK Home Office is collaborating with law enforcement to sell seized cryptocurrency assets and plans to establish a 'Cryptocurrency Storage and Realization Framework' to fill the fiscal gap. The related contract is valued at up to $53.7 million, lasting at least four years, with no acceptable bids received ...

According to reports from The Telegraph, the UK Home Office is collaborating with law enforcement to sell seized cryptocurrency assets and plans to establish a 'Cryptocurrency Storage and Realization Framework' to fill the fiscal gap. The related contract is valued at up to $53.7 million, lasting at least four years, with no acceptable bids received yet. The 61,000 bitcoins seized in 2018 are now valued at over $7 billion.

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Link: UK Home Office Plans to Sell Seized Cryptocurrency Assets Worth Approximately $7 Billion to Fill Fiscal Gap [Copy]

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