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Title: [2017-10-12] Sweden's Government to Sell Seized Bitcoin in Open Auction Post by: tyz on October 12, 2017, 06:21:35 PM Sweden's Government to Sell Seized Bitcoin in Open Auction
A government agency in Sweden dedicated to debt collection is auctioning off some bitcoin this week. In a statement, the Kronofogden (known also as the Enforcement Authority) said today that it would sell roughly 0.6 BTC, an amount worth roughly $3,200 at press time. Though the statement didn't explicitly state the source of the funds, local media reports indicate that the debt was assessed against a local company. The agency said that it would begin the auction today, which is scheduled to last through next Thursday, and called for interested parties to reach out about participating. https://www.coindesk.com/swedens-government-sell-seized-bitcoin-open-auction/ Title: Re: [2017-10-12] Sweden's Government to Sell Seized Bitcoin in Open Auction Post by: richardsNY on October 12, 2017, 07:09:27 PM It may look insignificant when it comes to the amount, but these kind of auctions are being hosted even when it comes to amounts of just a few hundred bucks. It's just them trying to liquidate whatever they can find in order to obtain money. I however don't think it's worth being covered in a news article. It just shows that despite Bitcoin reaching record highs, news sites are still struggling to find something to 'write' about. Everything for the few ad pennies!
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