The government decided in the spring to send a major portion of the funds to Ukraine, newspaper Helsingin Sanomat reported in the spring.
Finnish Customs sold off just under 1,890 bitcoins, a transaction that brought around 46.5 million euros into state coffers, the agency announced on Thursday.
Customs seized the cryptocurrency in connection with investigations of drug and doping related crimes.
Two cryptocurrency brokers were used to sell the bitcoins, which the agency said were selected through a competitive negotiation process in the spring.
Customs said it still holds round 90 bitcoins, but was still awaiting a valid forfeiture judgement before they can also be sold.
The agency noted that it has also seized other cryptocurrencies but the cases those funds are related to are still in the preliminary stages of investigation. Due to that situation, Customs said it could not reveal the types of cryptocurrencies nor their amounts in detail.
When Customs announced it was planning to sell the cryptocurrency in January, it said that most of the agency’s crypto assets date from 2016, when 1,666 bitcoins were seized in a major drug bust.
Newspaper Helsingin Sanomat reported (siirryt toiseen palveluun)in the spring that the Finnish government decided to send a major portion of Customs’ cryptocurrency sale’s proceeds to Ukraine.
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