The United Kingdom government is contemplating the sale of approximately 5 billion in Bitcoin, seized of criminal activities, to mitigate a public finance deficit of £ 22 billion. The cryptocurrency was confiscated by Jian Wen, who was involved in earnings a fraud scheme of £ 7 billion. Initially valued at £ 1.4 billion, the value of Bitcoin seized has increased to around £ 5.2 billion. Former conservative chancellor Lord Lamont advocates the immediate sale of these assets to support government finances and avoid legitimizing cryptography holdings. The Crown Prosecutor’s Office is looking for permission from the Superior Court to assign the funds to the Treasury.
