South Korea to auction off 216 bitcoins

posted 10 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: bitcoin, news