UK Treasury Secretary Rachel Reeves is exploring the sale of over £5 billion in seized Bitcoin assets, including 61,000 BTC from a Ponzi scheme, to address fiscal shortfalls.
UK Treasury Secretary Rachel Reeves is contemplating the sale of over £5 billion in seized Bitcoin assets, including 61,000 BTC from a 2018 Ponzi scheme, now valued at approximately 20 times their original worth. The Home Office is developing a framework for managing and selling such crypto assets, with a project in the bidding phase and a commission cap of £40 million.