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Learning & News => News related to Crypto => Topic started by: newshunter on October 04, 2020, 07:01:01 AM

Title: Romania set to auction Bitcoin and Ether confiscated in criminal case
Post by: newshunter on October 04, 2020, 07:01:01 AM

Romania set to auction Bitcoin and Ether confiscated in criminal case

The winning bidder will need to provide the auction house with a crypto address hosted on a registered, compliant trading platform.

Source: Romania set to auction Bitcoin and Ether confiscated in criminal case (https://cointelegraph.com/news/romania-set-to-auction-bitcoin-and-ether-confiscated-in-criminal-case)

Would appreciate your opinion about this

Title: Re: Romania set to auction Bitcoin and Ether confiscated in criminal case
Post by: cryptopediabd on October 13, 2020, 12:07:10 PM

ANBI has clarified that the crypto trading platform used by the successful bidder will need to be a legal and registered entity that adheres to Romania's legislative norms and guidelines for financial instruments. It must incorporate Know Your Customer requirements for its clients and comply with both domestic and foreign Anti-Money Laundering provisions.

Title: Re: Romania set to auction Bitcoin and Ether confiscated in criminal case
Post by: tonymillions84 on October 15, 2020, 07:26:48 PM

it will be amazing if such auction will be made a global thing. let everyone partake in the auction and watch how they will make huge money from the trade. Romania as a country accepted bitcoin and currently allows buying and selling of bitcoin. the idea of confiscating stolen bitcoins and ethereum is a welcome idea as long as it involves crime.