UK Home Office Plans to Sell Seized Crypto Assets Worth Around $7 Billion to Fill Budget Gap

According to ChainCatcher, citing The Daily Telegraph, the UK Home Office is working with the police to sell seized cryptocurrencies and plans to establish a "cryptocurrency storage and realization framework" to help fill the fiscal gap. The related contract is valued at up to $53.7 million and will last for at least four years, but no acceptable bids have been received so far. The 61,000 bitcoins seized in 2018 are now worth over $7 billion.