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Finland Customs Set to Auction Confiscated Bitcoin Worth $75M

Reading Time: 2 minutes by Anthonia Isichei on January 8, 2021 Bitcoin Tulli, Finland’s customs service is the latest government agency looking to profit off the recent Bitcoin price spike by auctioning off its stash of seized BTC. Several enforcement agencies have in the past sold off cryptocurrencies recovered as part of investigations into criminal syndicates. Tulli to Sell Almost 2,000 BTC Seized from Criminals According to Finnish broadcast house Yle, the country’s customs authority is set to auction off about 1,981 Bitcoin seized during several criminal raids in the last five years. Indeed, 1,666 BTC of the auction sum comes from its 2016 investigation into the notorious Finnish drug kingpin Douppikauppa.

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