Finland Sells 1,889 Seized Bitcoins for $47 Million — Proceeds Going to Ukraine

Finland Sells 1,889 Seized Bitcoins for $47 Million — Proceeds Going to Ukraine


Finland has sold 1,889 bitcoins seized in narcotic cases for 46.5 million euros ($47.4 million). The country’s finance minister previously said that the bitcoin sale proceeds will go to Ukraine for humanitarian aid and reconstruction as its war with Russia continues.

Finland Sells Bitcoin Seized From Narcotic Offenses

Finnish Customs (aka Tulli), the customs service of the government of Finland, announced Thursday that it has sold “legally forfeited” bitcoins.

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“During the summer, Finnish Customs has realized its cryptocurrencies that had been legally forfeited to the state,” the announcement details, elaborating:

The realization concerned 1,889.1 bitcoins. The state gained about 46.5 million euros in total in proceeds from their sale.

The customs service explained that the bitcoins were seized “in connection with investigations into offenses related

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