EY auctions AU$22m of seized bitcoins

AU$22 million of bitcoin seized as deduction of crime was sole during a tellurian auction final week, Ernst Young (EY) has announced.

EY transaction partner Adam Nikitins pronounced mixed bidders claimed 24,518 units of a digital banking during auction between Jun 20-21.

“The auctions were rarely successful and all bidders have been told of a auction outcomes,” Nikitins pronounced in a statement. “The routine was really rival and demonstrates a flourishing ardour for digital resources such as bitcoin.

“The value of bitcoin increasing significantly over a past month; however, behest remained strong,” he added.

EY did not divulge a cost paid by bidders, a series of bidders involved, or a seller. Nikitins did, however, contend final month that he believed meddlesome parties would be from North America and Europe, and have knowledge in traffic with bitcoin.

The auction was a initial bitcoin sale routine of a kind in Australia and a second globally after a US Marshals auctioned Silk Road bitcoins in Jun 2014.

The Australian supervision final month validated skeleton for stealing the double-tax treatment for digital currencies such as bitcoin.

The self-proclaimed Australain owner of bitcoin, Craig Wright, is attempting to build



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