The UK government is contemplating the sale of approximately £5 billion worth of Bitcoin, seized from criminal activities, to mitigate a £22 billion public finance shortfall. The cryptocurrency was confiscated from Jian Wen, who was involved in laundering proceeds from a £7 billion fraud scheme. Initially valued at £1.4 billion, the seized Bitcoin’s worth has now risen to around £5.2 billion. Former Conservative Chancellor Lord Lamont advocates for the immediate sale of these assets to support government finances and avoid legitimizing crypto holdings. The Crown Prosecution Service is seeking High Court permission to allocate the funds to the Treasury.
Tag Archives: Crypto
Zilliqa Blockchain in 2022
Referring to the authority crypto developers’ resource, CoinDesk detailed that the Ethereum Foundation has rescheduled the progress to the Proof-Of-Stake agreement calculation. Continue reading Zilliqa Blockchain in 2022
Crypto Transaction is being allowed to Telegram Users…
The Open Network (TON), a decentralized blockchain at first planned by Telegram, reported for the current week it is adding a bot that allows Telegram’s in excess of 550 million clients to send cryptographic money to different clients by means of talk. The underlying rollout of the “wallet” bot will permit the sending and getting of Toncoins, which the designers guarantee will accompany no exchange expenses. Continue reading Crypto Transaction is being allowed to Telegram Users…