Buy Crypto- Markets
Futures- Spot
- Copy Trade
- Earn
- More
The UK Home Office is planning to sell around $7 billion of seized cryptocurrency to fill a budget gap.
By: theblockbeats.news|2025/07/20 09:02:09
0
Share
BlockBeats News, July 20th. According to The Daily Telegraph of the UK, the Home Office is collaborating with the police to sell a batch of seized cryptocurrency to fill a budget shortfall. The total amount of cryptocurrency seized by the police is not yet clear, but in a raid in 2018, about 61,000 bitcoins were confiscated from a Ponzi scheme case. The current total value exceeds £5.4 billion (approximately $7 billion), a twentyfold increase from the time of seizure.
The Home Office plans to establish a "Cryptocurrency Storage and Realization Framework" to allow law enforcement agencies to securely store frozen digital assets and sell them. According to a tender notice issued by the UK government through the police's procurement company, BlueLight Commercial, on behalf of the Home Office, the government will also provide a contract to operate a centralized service responsible for holding and selling seized cryptocurrency. The contract is valued at up to $53.7 million and is set to last at least four years, but the proposal has not yet received acceptable bids. The time between the police seizing digital assets and liquidating these assets is usually lengthy. The tender notice states: "The average time between asset seizure and the end of legal proceedings (realization) is less than 1 year, and for more complex cases, it may take 3 to 4 years."
You may also like
Only 43% ROI on $1, why are 87% of Polymarket traders in the red?
Not due to bad luck, but based on gut feeling to determine position size, ignoring new information changes, and paying for "optimism bias" in every market order trade.
After L2 Fraud, Ethereum Turns to ‘Economic Zone’ Self-Help
The original vision of L2 and its role in Ethereum is no longer tenable. We need a new path forward.
AI has simultaneously created a shortage and surplus of memory
Huaqiangbei and the US retail market simultaneously experienced a steep decline in RAM prices
How Can the Average Person Win in the 2026 AI Boom?
Career, Income, and Entrepreneurship as Three Opportunity Pathways
When Wall Street Meets Crypto, Here's Your "Stock Market Beginner & Advanced Guide"
Crypto is entering a "Wisdom Time," where users, the media, smart money, and even CEX are all shifting their focus to one goal — the US stock market.
StandX Introduces SIP1 and SIP2: Holding Subsidy Mechanism Launched, Reshaping On-Chain Trading and Reward Structure
Against the backdrop of the continuous evolution in the decentralized derivatives trading landscape, StandX is strengthening its competitive edge through product innovation. Recently, StandX officially introduced two core upgrade proposals — SIP1 (Block Trade) and SIP2 (Position Yield), enhancing user experience and strategic efficiency from the perspectives of trade execution and fund yield. This also signifies a further deepening of StandX's product mechanics and revenue design, signaling a key milestone in the project's ongoing advancement.
Decoding Aave V4: A Shift from Product to "Banking"
DeFi has come full circle, back to that morning 600 years ago.
Huobi HTX Releases "2026 Digital Asset Trends Whitepaper": Global Liquidity Reconfiguration, Defining the New Era of "On-Chain Finance"
Recently, Huobi HTX officially released the "2026 Digital Asset Trends Whitepaper". In the current market downturn and amid a cautious industry sentiment, this lengthy in-depth report has emerged to reexamine the development path of digital assets from a structural perspective. It aims to provide forward-looking judgments and a systematic framework for the market, assisting investors in establishing long-term confidence and cognitive anchors in an uncertain cycle.
PUMP Valuation Breakdown: Debunking On-Chain Data “Wash Trading” Narrative, Where Does the Real Discount Come From?
Not out of bad luck, but based on intuition to determine position size, ignore new information changes, and pay for "optimism" in every market order trade.
StandX launches SIP1 and SIP2: Position subsidy mechanism goes live, reshaping on-chain trading and revenue structure
StandX launches upgrades SIP1 and SIP2, unlocking large on-chain "slip-free" trading and dual returns on positions, completely reshaping the derivatives trading experience.
Huobi HTX Releases the "2026 Digital Asset Trend White Paper": Global Liquidity Restructuring, Defining a New Sovereign Era of "On-Chain Finance"
Huobi HTX has officially released the "2026 Digital Asset Trend White Paper," which deeply analyzes the ten core trends including AI agents, RWA, and institutionalization, steering the new era of on-chain finance with four major strategies: "stability, transparency, institutionalization, and AI empo...
DeFi Governance Revolution
Token economics was once regarded as the holy grail of incentives in DeFi, but the three major protocols have proven over the course of a year that even a well-designed mechanism can be worn down by the greed and inertia of reality.
Encrypted CEX is becoming a historical species
A silent species turnover has begun.
Who Pays for War? | Rewire News Morning Digest
Pentagon Estimates Current War’s Daily Average Cost at $10-20 Billion
Oil Price Surges Above $100, Yield Curve Inverts: U.S. Bonds Have Already Told the Market What Is Coming
Between inflation and recession, it is betting on recession.
Apple at 50: The Departure of Genius, the Permanence of the Machine
How to Buy Absolute Peace of Mind in the Capital Markets with Hundreds of Billions of Dollars in Cold, Hard Cash?
Disruption in the 13-week consecutive buying spree, What is the Strategy's Intent?
Strategy is shifting from relying on common stock issuance to using preferred stock as the primary funding mechanism for Bitcoin purchases.
Global Economic Recession: Has It Quietly Begun?
When energy, capital, and power reweave, decline becomes a strategic advantage
Only 43% ROI on $1, why are 87% of Polymarket traders in the red?
Not due to bad luck, but based on gut feeling to determine position size, ignoring new information changes, and paying for "optimism bias" in every market order trade.
After L2 Fraud, Ethereum Turns to ‘Economic Zone’ Self-Help
The original vision of L2 and its role in Ethereum is no longer tenable. We need a new path forward.
AI has simultaneously created a shortage and surplus of memory
Huaqiangbei and the US retail market simultaneously experienced a steep decline in RAM prices
How Can the Average Person Win in the 2026 AI Boom?
Career, Income, and Entrepreneurship as Three Opportunity Pathways
When Wall Street Meets Crypto, Here's Your "Stock Market Beginner & Advanced Guide"
Crypto is entering a "Wisdom Time," where users, the media, smart money, and even CEX are all shifting their focus to one goal — the US stock market.
StandX Introduces SIP1 and SIP2: Holding Subsidy Mechanism Launched, Reshaping On-Chain Trading and Reward Structure
Against the backdrop of the continuous evolution in the decentralized derivatives trading landscape, StandX is strengthening its competitive edge through product innovation. Recently, StandX officially introduced two core upgrade proposals — SIP1 (Block Trade) and SIP2 (Position Yield), enhancing user experience and strategic efficiency from the perspectives of trade execution and fund yield. This also signifies a further deepening of StandX's product mechanics and revenue design, signaling a key milestone in the project's ongoing advancement.
App