The authorities of Finland will expose the seized Bitcoin for auction

The Finnish government has to decide the fate of 2 thousand of Bitcoin confiscated in accordance with the new statute of the Treasury of the country.

Updates in the agency's guidelines do not allow authorities to store Bitcoin-tokens worth about $ 22,8 million on virtual currency exchanges and other services. Now, the authorities need to move the crypto currency into a cold store that operates in an autonomous mode.

The rules governing this segment earlier were not effective enough to solve the problem.

$ 22,8 million in Bitcoin will go to auction

According to the text of the Treasury document, the authorities of Finland in such cases are prohibited from viewing digital assets as currency. In addition, they can not be used as payment or investment funds.

After the decision of the court to confiscate 2 thousand Bitcoin ($ 22,8 million), the seized assets will be converted into euros at public auction, as commercial exchangers, according to the Treasury, are "unreliable and opaque, reports The Cointelegraph.

Earlier, economists of the Central Bank of Finland named an ecosystem Bitcoin is "revolutionary."

Author: Vasilisa Ming, Analyst Freedman Club Crypto News

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