The US Marshals Service (USMS) is considering the feasibility of establishing the position of an agent who will be entrusted with managing confiscated bitcoins and other cryptocurrency. Cointelegraph writes about this with reference to public documents published last week.

The documents are part of the Request for Information on the procedural rules for the management and sale of seized cryptoactive assets.

A key element of the US Department of Justice’s asset confiscation program, of which the USMS is a member, is the position of an agent or contractor who will deal with the management and sale of cryptocurrencies seized or seized. As the agency hopes, this will allow it to improve existing practices for storing such assets.

Thus, in the first document, USMS describes the full range of services for the management and sale of seized cryptocurrency, including general procedures and the responsibility of the contractor. In particular, it will have to ensure the accuracy and security of transactions, including direct exchange of cryptocurrency for US dollars, exchange for more liquid cryptocurrency and return of assets to the owner.

The contract also describes other tasks of the contractor: financial statements, work with clients, supervisory audit, management of blockchain forks, creation of wallets, etc.

In the second quality assurance monitoring document, USMS introduces a contractor performance evaluation system.

As the department notes, the documents are published solely for information and planning purposes and are not a request for tender proposals or a promise to make such a request in the future.

Recall that in recent years, USMS regularly holds auctions in which it sells Bitcoins, previously confiscated by law enforcement agencies. So, in October 2018, the ministry announced an auction at which it was planned to sell 660 bitcoins (at that time about $ 4.3 million).

Two previous major auctions for the sale of confiscated bitcoins were held in the United States in January and March of this year. In the first case, 3813 BTC were sold, in the second – 2170 BTC .

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