Cryptocurrencies
2,000 Confiscated Bitcoins Create a Storage Puzzle in Finland
- Authorities given virtual-currency guidelines by Treasury
- Treasury says cryptocurrencies should be stored offline
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Finland is trying to figure out how to handle the roughly 2,000 Bitcoins authorities in the country have confiscated.
Worth almost $40 million on Dec. 18, 2017, when the cryptocurrency peaked, the Bitcoins are now valued at about $22.8 million. Finnish government guidelines released on Tuesday make clear that authorities handling the coins won’t be allowed to store them on virtual currency exchanges. Instead, they’ll be required to keep them off the Internet, according to documents seen by Bloomberg News.