UK Home Office Plans to Sell Approximately $7.000 Billion in Seized Crypto Assets to Fill Fiscal Gap

According to a report by the British newspaper The Daily Telegraph, the UK Home Office is working with the police to sell a batch of seized cryptocurrencies to fill a financial shortfall. The total amount of cryptocurrency seized by the police is not yet clear, but a 2018 raid seized approximately 61,000 Bitcoin from a Ponzi scheme case, which is currently worth over £5.4 billion (approximately $7.0 billion), an increase of approximately 20 times since it was seized. [Foresight News]