The UK Treasury plans to sell over £5.000 billion in Bitcoin assets to alleviate the fiscal deficit.

UK Chancellor Rachel Reeves is considering selling Bitcoin assets seized by the police to fill public finance gaps. The assets are valued at over £5.000 billion, partly derived from 61,000 Bitcoins seized in 2018 from a Chinese Ponzi scheme, the current value of which has increased by about 20 times. The Home Office is pushing forward with the establishment of a "Crypto Asset Custody and Disposal Framework" to centrally manage and sell related crypto assets, and has tendered for the project with a maximum commission cap of £40.000 million. [The Telegraph]