"Russia Begins Selling Seized Bitcoin Holdings"

Source
Doohyun Hwang

Summary

  • It has been reported that Russia has begun the process of selling 1,032 seized Bitcoins.
  • According to the authorization of the Russian court, Bitcoin is being transferred to a government-managed account in preparation for sale.
  • This sale is reported to potentially impact the market liquidity of Bitcoin.

It has been reported that Russia has begun the process of selling seized Bitcoin (BTC) holdings.

According to Crypto News on the 9th (local time), the Russian Ministry of Finance has started the process to sell 1,032 Bitcoins seized from Marat Tambiev, a former investigator of the Russian Investigative Committee, who is accused of accepting Bitcoin as a bribe two years ago.

The media stated, "The Russian court has authorized the sale of the seized Bitcoin holdings. The Ministry of Finance is preparing to transfer 1,032 Bitcoins to a government-managed account for sale."

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Doohyun Hwang

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