Cryptocurrency Q&A
How much bitcoin is seized in Germany?
How much bitcoin is seized in Germany?
DongdaemunTrend
Thu Jul 18 2024
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5 answers
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Could you elaborate on the recent seizure of Bitcoin in Germany? Specifically, I'm curious to know the exact amount that has been confiscated. Is it a significant quantity, or merely a fraction of the total circulating supply? Given the high value of bitcoin, this could potentially have a major impact on the market. What was the reason behind this seizure? Was it linked to criminal activities, or was it a regulatory action? I'm eager to understand the context and potential implications of this incident.
5 answers
JejuJoy
Sat Jul 20 2024
The value of these bitcoins, at the time of seizure, was approximately $2.2 billion, reflecting the substantial sum involved.
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MysticRainbow
Sat Jul 20 2024
Despite numerous sales of the confiscated bitcoins in recent weeks, Germany's Federal Criminal Police Office continues to hold a considerable amount.
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TaegeukChampionCourageousHeartWarrior
Sat Jul 20 2024
Currently, the office retains approximately 32,488 bitcoins, which, based on today's market prices, are valued at around $1.9 billion.
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BusanBeautyBlooming
Sat Jul 20 2024
In mid-January, Saxony, an eastern German state, witnessed a significant police operation resulting in the seizure of nearly 50,000 bitcoins.
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CryptoGuru
Sat Jul 20 2024
This retention of bitcoins highlights the ongoing efforts of German law enforcement agencies to combat cryptocurrency-related crimes and ensure the safety of financial transactions.
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