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Australian authorities managed to get 2000% of the profits from BTC, which were confiscated from arms dealers

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The Australian authorities managed to profit from Bitcoin funds that were confiscated in the framework of the illegal arms trade case.

According to a report submitted by Australian law enforcement officials, Bitcoin funds were seized in 2016 when it was possible to prevent the conclusion of a transaction on the illegal transfer of weapons in exchange for a fee of 7,300 AUD or 5,000 USD. It was possible to gain access directly to cryptocurrency only in January last year. Over the past time, the BTC rate has grown significantly, as a result, the police turned out to be in the amount of 154,000 AUD or 105,000 USD. All funds will reportedly be used to finance the fight against crime.

The arms trafficking case was the first time the Australian police had to confiscate BTC. It is noteworthy that some states practice the removal of crypto assets. So, for example, a Canadian court decided to confiscate BTC funds from a drug dealer, the amount of which reaches $ 1.4 million. Meanwhile, the Wilsons auction house managed to get the British police to seize more than $ 290,000 in BTC

  • bitcoinBitcoin (BTC) $ 47,184.00
  • ethereumEthereum (ETH) $ 1,495.71
  • cardanoCardano (ADA) $ 1.43
  • polkadotPolkadot (DOT) $ 34.85
  • litecoinLitecoin (LTC) $ 175.39
  • chainlinkChainlink (LINK) $ 26.44
  • stellarStellar (XLM) $ 0.451761
  • bitcoin-cashBitcoin Cash (BCH) $ 494.70