UK police hold a cache of at least 61,000 Bitcoins, much of it confiscated in 2018 as part of an investigation into a Chinese Ponzi scheme. Estimates place the value of the seized crypto at over £5 billion ($6.7 billion) The UK Treasury is under mounting pressure to plug a budget deficit that economists estimate at up to£20 billion.

UK police hold a cache of at least 61,000 Bitcoins, much of it confiscated in 2018 as part of an investigation into a Chinese Ponzi scheme. Estimates place the value of the seized crypto at over £5 billion ($6.7 billion) The UK Treasury is under mounting pressure to plug a budget deficit that economists estimate at up to£20 billion.

Source: https://cryptoslate.com/uk-government-eyes-5-billion-seized-bitcoin-sale-to-manage-fiscal-shortfall/