The UK Home Office plans to sell approximately $7 billion in seized cryptocurrency assets to fill the fiscal gap

ChainCatcher news, according to The Daily Telegraph, the UK Home Office is collaborating with the police to sell seized cryptocurrencies and plans to establish a "cryptocurrency storage and monetization framework" to fill the fiscal gap. The related contracts are worth up to $53.7 million and will last for at least four years, with no acceptable bids received so far. The 61,000 bitcoins seized in 2018 currently have a market value exceeding $7 billion.