RATE Group | Finnish authorities don’t know what to do with seized crypto
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Finnish authorities don’t know what to do with seized crypto

29 Feb Finnish authorities don’t know what to do with seized crypto

Posted at 17:54h in Cryptocurrency News by

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Battling financial crimes over the past decade has led to a lot of countries’ governments to confiscate massive amounts of cryptocurrencies. With no real idea regarding what to do with the seized coins, governments have either locked them away or sold them in auctions in order to make some use of them and earn a bit of money in the process.

However, when it comes to Finnish authorities,
they refuse to do so, which has led to them sitting on millions of dollars in
Bitcoin, and still no idea as to what to do with them.

The coins were confiscated from criminals
several years ago, but the government hesitates to sell them due to fears that
the couis would simply return to the criminal hands, rendering their past
efforts useless.

The country’s local media outlets reported that the Finnish Customs Service
currently owns around 1,666 BTC, all of which was seized from drug dealers. The
operation(s) during which the coins were seized was not specified, but it is
known that the amount…

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