The Finnish government has hodling these coins for 6 years now, not bad hands, but it looks like they turning tail with paper hands, I wonder why?
About a year ago Finland's customs announced a plan to auction off the seized Bitcoin, most of which dates back to a major drug bust in 2016 when 1,666 of the tokens were confiscated.
At the time, the Bitcoin haul was worth less than €700,000. However, the price appreciation over the last 6 years has seen that value balloon and at current prices put its value at closer to €62 million.
I think the actions of the Finnish government are like a crime.
Do you think other countries, like the Finnish government, will use Bitcoin for illegal activities? What are the consequences of the Finnish government's disgraceful actions worldwid?Dear @chekohler , Do you mean that the Finnish government confiscates the bitcoins used in drug trade and uses them?
I guess you've come to the conclusion that Bitcoin is going to be the most reliable and valuable international currency among cryptocurrencies!
Well they have not used them, they were meant to be auctioned off as an income for the government but they now claim that they will market dump and give the proceeds to Ukraine.
I don't know what you mean by illegal activities, the government sets the rules so anything they do is legal lol so wtf?
I think all taxation and inflation is theft and I think drugs being made illegal doesn't make it illegal, drugs don't violate the non-aggression principle so to me its fine, its your choice to drug yourself up.
It is shocking that after the Finnish government confiscated the bitcoins used in drug trade, the money from the bitcoin purchases was provided to Ukraine.
Perhaps, I think it would be illegal to give Ukraine fiat currency that traded drugs.
In the end, the Finnish government used Bitcoin to legalize illegal activities.
I have a disturbing feeling that in the future, countries, governments, and companies around the world will use Bitcoin to justify illegal activities.
Actually you can think about it this way: international drug organization, by proxy, helped Ukraine in a fight against the enemy invasion.
It's kind like good deed!
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Dear @brando28 , Are you finnish? Nice meet to you! I am an eastasian!
Yes, I am. Nice to meet you too!