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Finland Liquidates Seized Bitcoin Stash Amid Crypto Bust

  • Finland raises $47.5 million in sale of forfeited Bitcoins
  • Proceeds from sale to be donated to war-torn Ukraine as aid
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Finland has sold its hoard of confiscated Bitcoins just as the market for cryptocurrencies is cooling, raising less than previously anticipated.

The Customs has liquidated 1,889.1 Bitcoins during the summer via two brokers, raising 46.5 million euros ($47.5 million), it said in an emailed statement on Thursday. The coins had been seized in drug busts and had been legally forfeited to the state following court rulings.