Bitcoin “from criminal offenses” will be auctioned off on Justice Auction starting next Monday, at 11:30 a.m.
Online platform Judicial Auction Law enforcement authorities in North Rhine-Westphalia will auction eight-digit Bitcoin on Monday, October 25, 2021. In addition to named on Twitter: “Every euro withdrawn from criminal structures helps weaken them.” Those who do not have the opportunity to arrive in person can follow the auction live via Justiz NRW’s live channel on Twitter (@jm_nrw) and YouTube. subordinate press release According to the NRW Minister of Justice, Peter Bissenbach (CDU) will open the auction with the head of the Cybercrime Center and Contact Point (ZAC NRW) and Attorney General Marcus Hartmann.
The Bitcoin Auction begins on Monday at 11:30 am with a press conference. A move that should be smart later, because there are likely to be stricter guidelines for trading in cryptocurrencies in the future. At the press conference, more details about the origin of Bitcoin should also be explained. Behind the podium are the Ministry of Justice of the State of North Rhine-Westphalia, the Public Prosecutor’s Office in Hamm, the State Office of Information and the Departments of Information Technology and Technology in North Rhine-Westphalia.
Areas of application of Bitcoin in the illegal area
In addition, judicial officials provide information about cryptocurrencies prior to the auction. Marcus Hartmann, along with Attorney General Andreas Brücke, provide a brief insight into the typical areas of crime where cryptocurrency is used. Additionally, the two explain how ZAC NRW deals with it. The website was not created specifically for the Bitcoin auction, but the cryptocurrency already has its own category. Other goods that can be purchased through the website include cars, toiletries, electrical appliances, handbags, toys, and more.
We have yet to receive a response to questions from BTC-ECHO about the number of Bitcoins, how the jurisdiction can obtain the forfeited Bitcoin and what happens to the funds raised from the auction. Perhaps this is because the Department of Justice did not expect such a massive rush of interested parties:
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