North Rhine-Westphalia auctioned Bitcoin from criminal transactions – and achieved an amazing result

Bitcoin symbol coin

The oldest and largest cryptocurrency in terms of market capitalization is in demand.

(Photo: Reuters)

Frankfurt In addition to soup buckets, office chairs and wooden pallets, the German judiciary now also has Bitcoin on offer: The North Rhine-Westphalian judicial authorities started the first nationwide auction of confiscated stocks of the digital currency on Monday.

A total of 215 Bitcoin will be auctioned. The virtual coins mainly come from the drug trade in the Darknet, reported prosecutors in Cologne. They had been discovered and seized from criminals. NRW operates the nationwide only, central online auction portal of the German judiciary.

“The finance minister is keeping his fingers crossed for us,” said NRW justice minister Peter Biesenbach (CDU) when he started the countdown to the auction. Bids could then be made at precisely 12 noon and the first interested parties did not have to be asked for long.

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