Finland selects brokers to sell $75 million worth of confiscated cryptocurrency.
The government of Finland is discussing supporting Ukraine with part of the money from the liquidation of millions of dollars worth of cryptocurrency seized in crime investigations. Finnish authorities want to sell the bitcoins soon and say they couldn’t come up with a better idea for the proceeds.Authorities in Helsinki have recently chosen two brokers to organize the sale of over €71 million worth of bitcoin in the coming weeks.
Most of them have been confiscated in raids carried out before 2018. That year, the State Treasury adopted guidelines for their storage, banning the customs authority from keeping the digital money on a crypto exchange, insisting it should be stored offline.for brokers that can help the Finnish government turn the digital assets into fiat currency.
The Finnish government began considering using the bitcoins to fund Ukraine in early March. Sending the crypto directly was also discussed as both the United Nations Children’s Fund and the U.N. High Commissioner for Refugees accept crypto donations, but it was eventually decided to convert the coins.
France Dernières Nouvelles, France Actualités
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