Risk Warning: Beware of illegal fundraising in the name of 'virtual currency' and 'blockchain'. — Five departments including the Banking and Insurance Regulatory Commission
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More than 90% of Bitcoin sales by German law enforcement agencies are conducted through OTC, with no direct impact on the market
2024-07-17 15:49
Odaily News Odaily Planet Daily News According to the official website of the German state of Saxony, the General Prosecutor's Office of Saxony sold nearly 50,000 bitcoins in about three and a half weeks, with each sale amounting to less than 1% of the market transaction volume, of which more than 90% were conducted through the over-the-counter (OTC) market to ensure the least impact on the price of bitcoin. The sale raised a total of 2.63968 billion euros, and the funds will be temporarily kept in the criminal proceedings of the "movie2k" case of the Leipzig District Court until the final ruling of the case. Earlier today, it was reported that German law enforcement agencies sold nearly 50,000 bitcoins in total, netting about 2.88 billion US dollars.