Finnish authorities are trying to find a way to store 2,000 confiscated bitcoins in 2016, in line with news directives issued by the Ministry of Finance. According to Bloomberg, citing the Treasury's guidelines, authorities are prohibited from storing the Bitcoin hiding place, worth approximately $ 22.8 million today, on currency exchanges or virtual services, requiring on the contrary that they are stored offline, in a cold store. The Finnish authorities declined to comment on how they stored the Bitcoin seized up to this point.

Existing currency laws are insufficient to solve the problem. Citing a treasury document, Bloomberg states that the Finnish government forbids the authorities in this case to consider Bitcoin or any other crypto asset as currency. It is rather an asset which "… can not in principle be used or accepted as a means of payment or as an investment".

Following a binding judicial decision on the confiscation of 2,000 bitcoins, the seized goods will be converted into euros by the Finnish State at public auction, because the Treasury considers that trade is "unworthy trustworthy and opaque ".

This will not be the first case where cryptocurrency surveys are auctioned by the state. During the collapse of a union of customs offenses in Bulgaria, the authorities seized 213,519 Bitcoins, or about 2.5 billion dollars today, that the government plans to use to settle part of the national debt.

On January 22, the US Marshal's Office auctioned 3,813 bitcoins seized in criminal investigations, some of which, according to Cointelegraph, were seized at the time of the arrest. a major drug dealer in Utah. At the time, the Marshal's sum amounted to nearly $ 50 million on trade.

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