Future plans for the UK’s 7 billion USD in seized Bitcoin

The UK seized 61,000 BTC in a criminal case from 2018, worth roughly 7 billion USD. The government faces critical decisions about using these digital assets amidst public finance concerns.

The British crypto industry is divided on maintaining the seized BTC. Some argue for strategic reserve status, while others highlight legal challenges under the Proceeds of Crime Act, complicating long-term ownership.

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

More posts