Key Takeaways
- Taiwan’s Ministry of Justice has seized over 210 Bitcoin related to criminal cases.
- The total value of the confiscated assets amounts to $18 million.
Taiwan’s Ministry of Justice disclosed holding over 210 Bitcoin seized from criminal cases as of October 31, as confirmed by legislator Ju-Chun Ko.
In a statement on Thursday, Ko said the disclosure was a response to his request and shared a close-up photo showing the Bitcoin total.
With Bitcoin trading at $87,697 at press time, Taiwan’s government is estimated to hold about $18 million worth of Bitcoin. The country is now the 10th largest government holder of Bitcoin, according to data from BitcoinTreasuries.NET.
The US government currently tops the list, followed by China and the UK. The US holds over 328,000 BTC worth nearly $29 billion, mainly acquired through law enforcement seizures from cybercrime and fraud cases.
Governments worldwide hold over 640,000 BTC collectively, about 3% of the total supply.
Source: https://cryptobriefing.com/taiwan-bitcoin-seizure-cases/
