The North Rhine-Westphalian judiciary began auctioning confiscated Bitcoin for the first time.
(Photo: dpa)
Cologne The German judiciary achieved a price well above market value in its first nationwide auction of the digital currency Bitcoin. The first Bitcoin was auctioned on Wednesday after two days of auction for 57,010 euros. The NRW Ministry of Justice announced this on request on Wednesday. Meanwhile, the rate of the currency fell from just under 54,000 on Monday to 50,900 euros on Wednesday noon.
The cryptocurrency – a total of 215 Bitcoin are to be auctioned – consists of data packets and comes mainly from drug trafficking on the Darknet. They had been discovered and seized from criminals. North Rhine-Westphalia operates the nationwide only, central online auction portal of the German judiciary.
“We are very satisfied with the way the auctions have gone so far,” said a spokesman for the Cybercrime Central Office at the Cologne public prosecutor’s office. “The interest was huge and we have a lot of new registrations on our auction platform.” On Wednesday, auctions of a total of 16.5 Bitcoin ended.
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