Finland Seeking Brokers to Assist in Sale of $82M Worth of Seized BTC 

bitcoin mock up cash cryptocurrency digital money concept 1 scaled

Finland is currently looking for cryptocurrency brokers to assist in the sale of bitcoin used in criminal activities.

Finland has announced that it is currently looking for reputable brokers to assist in the sale of seized bitcoin. The bitcoin in question has been confiscated due to illegal activities within the country.

Currently, Finnish Customs holds approximately 1,981 bitcoin, which at the time of writing is worth $82 million.

Director of financial management, Pekka Pylkkanen, explained that the use of a broker will allow for a safe and reliable method of selling cryptocurrencies. The country will look to add up to three brokers in a two-year agreement. Finnish authorities are looking to pay between €250,000 and €2 million to the selected brokers. The prices depend on the likelihood of more seizures in the future.

Seized bitcoin from 2016 now worth $82M 

The majority of seized bitcoin is reported to come from Finnish drug dealer Douppikauppa. The bust saw Finnish authorities confiscate 1,666 bitcoin from Douppikauppa, which makes up a large portion of the funds currently held by Finnish Customs. The confiscation of BTC occurred in 2016.

However, due to concerns of bitcoin falling back into the hands of potential criminals, Finland decided to hold onto the cryptocurrency. “The main aim of Finnish Customs is to make sure the cryptocurrencies are sold securely, preventing further money laundering and criminal activities,” the authority said in a statement.

The surge in bitcoin pricing now means that the original stack of bitcoin has sky-rocketed in price. Authorities are now looking to liquidate bitcoin as its total price has reached $82 million in value.

According to previous reports, Russia and Finland crypto exchanges receive the most illegal funds. CipherTrace had previously revealed that Finland held the title of being the preferred destination for illegal cryptocurrency for three years running.

The post Finland Seeking Brokers to Assist in Sale of $82M Worth of Seized BTC  appeared first on BeInCrypto.

Ronnie Huss

Ronnie Huss

Leave a Reply

Your email address will not be published.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

Share:

Share on telegram
Share on facebook
Share on twitter
Share on linkedin
Share on whatsapp

Related Posts

bitcoin
Bitcoin (BTC) $ 63,263.95
ethereum
Ethereum (ETH) $ 3,089.66
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 550.08
solana
Solana (SOL) $ 136.37
usd-coin
USDC (USDC) $ 1.00
staked-ether
Lido Staked Ether (STETH) $ 3,083.87
xrp
XRP (XRP) $ 0.495662
dogecoin
Dogecoin (DOGE) $ 0.156716
the-open-network
Toncoin (TON) $ 6.34
cardano
Cardano (ADA) $ 0.466904
avalanche-2
Avalanche (AVAX) $ 35.26
shiba-inu
Shiba Inu (SHIB) $ 0.000022
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 63,241.94
tron
TRON (TRX) $ 0.111408
bitcoin-cash
Bitcoin Cash (BCH) $ 491.03
polkadot
Polkadot (DOT) $ 6.72
chainlink
Chainlink (LINK) $ 13.62
matic-network
Polygon (MATIC) $ 0.712163
litecoin
Litecoin (LTC) $ 78.59
internet-computer
Internet Computer (ICP) $ 12.36
near
NEAR Protocol (NEAR) $ 5.13
leo-token
LEO Token (LEO) $ 5.86
uniswap
Uniswap (UNI) $ 7.23
dai
Dai (DAI) $ 0.999603
first-digital-usd
First Digital USD (FDUSD) $ 1.00
ethereum-classic
Ethereum Classic (ETC) $ 26.55
aptos
Aptos (APT) $ 9.05
mantle
Mantle (MNT) $ 1.13
blockstack
Stacks (STX) $ 2.51
okb
OKB (OKB) $ 58.75
bittensor
Bittensor (TAO) $ 522.23
crypto-com-chain
Cronos (CRO) $ 0.127103
filecoin
Filecoin (FIL) $ 6.02
render-token
Render (RNDR) $ 8.47
cosmos
Cosmos Hub (ATOM) $ 8.15
stellar
Stellar (XLM) $ 0.108304
arbitrum
Arbitrum (ARB) $ 1.14
vechain
VeChain (VET) $ 0.040596
maker
Maker (MKR) $ 3,132.82
hedera-hashgraph
Hedera (HBAR) $ 0.080271
immutable-x
Immutable (IMX) $ 1.98
kaspa
Kaspa (KAS) $ 0.119343
dogwifcoin
dogwifhat (WIF) $ 2.67
the-graph
The Graph (GRT) $ 0.256893
ethena-usde
Ethena USDe (USDE) $ 1.00
optimism
Optimism (OP) $ 2.23
injective-protocol
Injective (INJ) $ 24.90
wrapped-eeth
Wrapped eETH (WEETH) $ 3,195.64
monero
Monero (XMR) $ 121.51