RATE Group | Belgian Gov’t Will Sell $125K of Seized Bitcoin in Irish Public Auction
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Belgian Gov’t Will Sell $125K of Seized Bitcoin in Irish Public Auction

09 Mar Belgian Gov’t Will Sell $125K of Seized Bitcoin in Irish Public Auction

Posted at 10:11h in Bitcoin News by

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Major United Kingdom and Ireland-based auction house Wilsons Auctions is putting $125,000 worth of Bitcoin (BTC) under the hammer later this month.

In an announcement on March 6, Wilsons revealed the auction will be hosted by Wilsons Auctions Dublin on March 24. 

The Bitcoin is being sold on behalf of the Belgian Federal government, which seized the cryptocurrency in criminal cases and is now cooperating with Wilsons’ Asset Recovery Department to dispose of the Bitcoin. 

The auction will be unreserved, i.e. without a minimum price set for the winning bid.

First public online auction in Ireland

While Wilsons has previously sold off cryptocurrency in other auction formats, this month’s sale represents the first public online auction of crypto in Ireland.

Mark Woods, an asset recovery executive at Wilsons, said of the auction:

“The format has proven popular with our customers, who are able to bid online and purchase cryptocurrency from an established and trusted auction house…

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