According to The Telegraph, the United Kingdom of the Interior Ministry of Interior was seized from criminals worth at least $ 7 billion with the police. Bitcoin 
$118,496.60 He is working to sell his stock. In stock, there are at least 61,000 BTCs from a Chinese -based ponzi plan in the United Kingdom. While the victims asked for the extradition of the money, the prosecutor’s institution demanded the authority to hide the Supreme Court in order to transfer the amount to the Treasury. The Minister of Finance facing an explanation in the possible sales budget Rachel Reevesattracted attention.
UK’s Bitcoin Sales Plan
News according to UK Ministry of InteriorIn case of coordination with the police in order to establish a central service to keep and sale of crypto currencies seized. This structure in the proposal stage seized crypto currencyIt aims to be safely stored and to be disposed of transparently at the appropriate time. In April, Reeves said in a statement that strong rules around the “crypto currency” will increase investor confidence, support fintech growth and provide protection throughout the country. This emphasis highlighted the importance of potential sales revenues in terms of public finances at a time when economic pressures increased.
The tender announcement published on behalf of the Ministry of Interior through Bluelight Commercial seized crypto currencyIt proposes a contract for four years or longer for the service that will hold and sell. However, the amount and scope of the specified amount has not yet been received. This incomplete competition slows down the implementation of the operational framework, while extending the process of creating technical and legal infrastructure for the official sale of the stock.
Tender barrier to the sale of Bitcoin
The Prosecutor’s Institution, despite the return requests of the victims of the legal dimension, seized from the Supreme Court BTCin search of authority to allow the Treasury to be converted into cash. In 2024, a woman with a Chinese fraud was sentenced to more than six years of imprisonment. This decision reinforced the weight of the investigation and the seriousness of the judicial process. The voltage between the expectation of reimbursement of the victims and the goal of providing income to public finance is at the center of the final decision process.
In the tender document, it was stated that the period from the seizures made by the police in crypto currency to the final realization stage (sales and income transfer) usually results in a year, but it could extend to 3-4 years in more complex files. This timeline indicates that at least 61,000 BTC potential sales may not be completed in the short term. The prolongation of the process means that market value fluctuations can affect the possible return to the public. Nevertheless, the current information only demonstrates the risk of procedure delay.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
