Bitcoin “from criminal offenses” will be auctioned on the Justice Auction website starting next Monday, 11:30 am.
The online justice auction platform of the North Rhine-Westphalian law enforcement authorities will auction eight-digit bitcoin on Monday, October 25, 2021. In addition called it on Twitter: “Every euro that is withdrawn from criminal structures helps to weaken them.” Those who do not have the opportunity to arrive in person can follow the auction live via the Justiz NRW live channel on Twitter (@jm_nrw) and YouTube. According to the press release, NRW Minister of Justice Peter Biesenbach (CDU) will open the auction together with the head of the Cybercrime Central and Contact Office (ZAC NRW) and Chief Public Prosecutor Markus Hartmann.
The Bitcoin auction starts on Monday at 11:30 a.m. with a press conference. A step that should turn out to be clever in retrospect, because stricter guidelines for trading cryptocurrencies are likely to be expected in the future. In the press conference, more details about the Bitcoin origin should also be explained. Behind the platform are the State Ministry of Justice of North Rhine-Westphalia, the General Public Prosecutor’s Office in Hamm, the State Office for Information and the IT and Technology departments of North Rhine-Westphalia.
Areas of application of Bitcoin in the illegal area
In addition, the judicial officers provide information about the digital currencies before the auction. In addition, Markus Hartmann, together with public prosecutor Andreas Brück, gives a brief insight into the typical areas of criminal activity of crypto currencies. In addition, the two explain how the ZAC NRW deals with it. The website was not created specifically for the auctioning of Bitcoin, but cryptocurrencies already have their own category on it. Other goods that can be purchased through the website include automobiles, toiletries, electrical appliances, handbags, games, and more.
We have not yet received any response to questions from BTC-ECHO about how many Bitcoin it is, how the judiciary can get hold of the confiscated Bitcoin and what happens to the funds raised from the auction. Maybe that’s because the Justice Department didn’t expect such a huge rush of interested parties: