Published on June 9th, 2018 | by bitcoin0
Ability To Withdraw State-Owned Cryptocurrency in South Korea To Be Decided
The South Korean government is mulling over how to cash out the cryptocurrency it recently confiscated.
While the most likely option is to auction the coins off using the government-owned auction platform, various concerns have been raised.
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Cashing Out BTC
The South Korean government is contemplating how to best cash out its recently-acquired cryptocurrency.
As part of a criminal case, the government has seized 191.32333418 BTC belonging to “Ahn,” the convicted operator of a porn site.
The country’s Supreme Court recently judged that cryptocurrency is a property that the government can confiscate.