Published on October 13th, 2017 | by bitcoin0
Swedish Officials to Auction Confiscated Bitcoin
A government agency in Sweden dedicated to debt collection is auctioning off some bitcoin this week.
In a statement, the Kronofogden (known also as the Enforcement Authority) said today that it would sell roughly 0.6 BTC, an amount worth roughly $3,200 at press time.
Though the statement didn’t explicitly state the source of the funds, local media reports indicate that the debt was assessed against a local company.
With the move, Sweden becomes the latest government to auction off holdings of the cryptocurrency.
The U.S. government, for example, held several auctions of bitcoin it obtained through its investigation of the now-defunct dark market Silk Road.