Finland Sells 1,889 Seized Bitcoins for $47 Million — Proceeds Going to Ukraine – Regulation Bitcoin News

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Finland Sells 1,889 Seized Bitcoins for $47 Million — Proceeds Going to Ukraine – Regulation Bitcoin News
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Finland has sold 1,889 seized bitcoins for $47.4 million and will send the proceeds to Ukraine. crypto cryptocurrency $BTC

Finland has sold 1,889 bitcoins seized in narcotic cases for 46.5 million euros . The country’s finance minister previously said that the bitcoin sale proceeds will go to Ukraine for humanitarian aid and reconstruction as its war with Russia continues.Finnish Customs , the customs service of the government of Finland, announced Thursday that it has sold “legally forfeited” bitcoins.

The realization concerned 1,889.1 bitcoins. The state gained about 46.5 million euros in total in proceeds from their sale. The coins “were sold by the two cryptocurrency brokers selected by Customs through competitive negotiated procedure in late spring,” the announcement continues. Tulli added that it has also seized other cryptocurrencies. However, since the investigation into these cases is ongoing, “the currencies or their amounts cannot be revealed in detail,” Finnish Customs explained, adding they are worth “hundreds of thousands of euros at most.”

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