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Potentially-Discounted Bitcoin Up for Auction by U.K. Police

For the first time in the nation's history, United Kingdom police will auction off approximately $662,000 in criminally-confiscated bitcoin (BTC).The seized BTC will be auctioned off by Wilsons Auctions — starting Wednesday — on behalf of U.K. authorities. The Ireland-based auction house will reportedly sell all of the bitcoin to the highest bidders and has not set any reserves.The confiscated coins, themselves, were seized by the Eastern Region Special Operations Unit (ERSOU) from a criminal...

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