UK Treasury plans to sell over £5 billion worth of Bitcoin assets to ease fiscal gap

CoinRank News: British Chancellor of the Exchequer Rachel Reeves is considering selling Bitcoin assets seized by the police to fill the gap in public finances. The assets are valued at more than 5 billion pounds, including 61,000 bitcoins seized from a Chinese Ponzi scheme in 2018, and their current value has risen by about 20 times. To cooperate with the relevant plans, the UK Home Office is promoting the establishment of a Crypto Asset Custody and Disposal Framework to uniformly manage and sell such assets. The project is currently in the bidding stage, with a maximum sales commission of 40 million pounds. (telegraph)