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Taiwan Reveals It Holds 210 Bitcoin Seized in Criminal Cases, Valued at $18 Million

Bitcoin Magazine
Taiwan's Ministry of Justice confirmed holding over 210 seized Bitcoin, valued around $18 million, ranking it among top government holders.

Summary

Taiwan's Ministry of Justice disclosed that it holds 210.45 Bitcoin, seized through criminal investigations and illegal digital asset activity, valued at approximately $18 million as of October 31. This amount positions Taiwan as the 10th-largest government holder of BTC globally, according to Bitcoin Treasuries data. The disclosure followed a legislative inquiry, though the Ministry has not specified plans for liquidating or auctioning the seized cryptocurrency, nor detailed its custody methods. This revelation occurs amid ongoing national debates regarding standardized frameworks for regulating and managing confiscated crypto assets, even as Taiwan's Premier and Central Bank reportedly consider studying Bitcoin for strategic reserve purposes.

(Source:Bitcoin Magazine)