South Korea to auction off 216 bitcoins

posted 2 months ago
On June 14, local publications revealed the plans of the South Korean government to auction off 216 bitcoins, seized during a series of previous investigations into illicit financial activities.

The Korea Asset Management Corporation (KAMCO), an asset management arm of the South Korean government which oversees state-owned properties and taxes, announced in a press conference that digital currencies such as bitcoin can be auctioned off by the government because they are not considered as non-auctionable assets by the South Korean law.
Tags: news, bitcoin