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The Finnish Customs Agency owns $15 million worth of Bitcoin

Posted on November 1, 2022 by admin

The Finnish Customs Agency owns $15 million worth of Bitcoin

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Answer The Finnish Customs Agency owns $15 million worth of Bitcoin

reported Finnish national broadcaster Yle reported on Tuesday that the Finnish Customs Agency seized Bitcoin years ago, but has not yet exploited it.

Finnish customs agency Tulli is concerned that if bitcoins are sold, they could end up in the hands of criminals.

The agency had plans in 2018 to auction it off, but eventually scrapped the idea due to concerns.

Mr. Pekka Pylkkanen, Finance Director of Finnish Customs stated:

In our view, the problems are specifically related to the risk of money laundering.

client [العملة المشفرة] They rarely use it in normal pursuits.

Market watchers disagree with Pylkkanen’s statement.

Read:A security flaw in the Monero blockchain could allow XMR to be stolen from exchanges

A November report from a blockchain analytics firm indicated that $829 million, or just 0.5% of all transactions, are linked to the darknet.

In his statement, Pylkkanen added that if he decided to sell bitcoin, the proceeds would mainly go to the state treasury.

Last week, the US government auctioned more than 4,000 bitcoins (worth about $39 million) to two winning bidders, and has held multiple bitcoin auctions since 2014.

Read:Two brothers arrested in Israel for hacking Bitfinex in 2016

US government ends auction of more than $40 million in Bitcoin

Read also:

The US government will put more than 4,000 Bitcoins up for auction in a few days… Find out the details


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