UK Treasury plans to sell over £5 billion worth of Bitcoin assets to ease fiscal gap

By: odaily.com|2025/07/20 08:10:41

Odaily News British Chancellor of the Exchequer Rachel Reeves is considering selling Bitcoin assets seized by the police to fill the gap in public finances. The assets are valued at more than 5 billion pounds, including 61,000 bitcoins seized from a Chinese Ponzi scheme in 2018, and their current value has risen by about 20 times. To cooperate with the relevant plans, the UK Home Office is promoting the establishment of a Crypto Asset Custody and Disposal Framework to uniformly manage and sell such assets. The project is currently in the bidding stage, with a maximum sales commission of 40 million pounds. (telegraph)

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