Finland Will Send Funds From the Sale of Confiscated BTC to Help Ukraine — Media

Finland intends to sell Bitcoins confiscated in various investigations and transfer part of the proceeds to help Ukraine.

According to Helsingin Sanomat, citing government sources, the preliminary value of the confiscated cryptocurrency exceeds 73 million euros.

What amount of money from the sale of crypto assets Finland will transfer to Ukraine has not yet been reported.

Although before, the Finnish government considered the possibility of directly transferring the confiscated 1981 BTC (~ 76.9 million dollars at the time of writing) to Ukraine. But this is contrary to the country’s legislation, according to which the confiscated crypto assets must be converted into fiat and transferred to the state.

Finnish Customs selected two local digital asset service providers, Coinmotion and Tesseract, to act as intermediaries in the sale of the cryptocurrency. By the beginning of summer, the firms will receive about 1,890 BTC.

On February 24, Russia carried out a paramilitary invasion of Ukraine on several fronts, shelling Kharkiv, Kyiv, Sumy, Chernihiv, Vinnytsia and other cities of various calibres.

The Ukrainian army is holding back the invasion of the enemy. From the hottest spots, the civilian population is trying to evacuate to other cities or even countries.

The world community organized to help the refugees and the Ukrainian army and imposed strict sanctions against Russia.

The BTC-Alpha team together with trusted volunteer communities created a charity fund ‘Alpha for Ukraine’. You can make a donation to help everyone in Ukraine who needs medicines, humanitarian aid and to support the defence of the country.

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