Finnish Customs gained €46.5 million by selling seized Bitcoins
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Different jurisdictions globally are ramping up their efforts to regulate the cryptocurrency market, with tackling illicit transactions among the key focus areas. Indeed, Finland is the latest country to take action after seizing Bitcoin involved in illegal activities.
The country’s customs agency recently sold 1,889.1 Bitcoins for €46.5 million after a seizure for facilitating the transaction of narcotics and doping substances, ePressi reported on July 21.
The sale was reportedly conducted by two crypto brokers contracted by customs officials after a competitive bidding process. It is not yet clear when all the cryptocurrencies were seized.
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