Exchanges outdo auctions for governments cashing in criminal crypto, says exec
Cointelegraph
Published Nov 27, 2020 06:24AM ET
Updated Nov 28, 2020 08:20AM ET
Earlier this week, Lithuania's tax service, the Lithuanian State Tax Inspectorate, added $7.6 million dollars to the state budget through the sale of cryptocurrencies seized in criminal investigations.
The occasion marked the first time that the Lithuanian government liquidated confiscated cryptocurrencies. In doing so, the country joined the growing number of jurisdictions worldwide that have auctioned off or sold cryptos obtained by the long arm of the law.
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Written By: Cointelegraph
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