Category: Lithuania

Exchanges outdo auctions for governments cashing in criminal crypto, says exec

Exchanges outdo auctions for governments cashing in criminal crypto, says exec

Earlier this week, Lithuania’s tax service, the Lithuanian State Tax Inspectorate, added $7.6 million dollars to the state budget through the sale of cryptocurrencies seized in criminal investigations.  The occasion marked the first time that the Lithuanian government liquidated confiscated cryptocurrencies. In doing so, the country joined the growing number of jurisdictions worldwide that have […]

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Lithuanian tax service’s first confiscated crypto sale nets $7.6M

Lithuanian tax service’s first confiscated crypto sale nets $7.6M

The Lithuanian State Tax Inspectorate exchanged Bitcoin, Ether and Monero for 6.4 million euro. 8393 Total views 25 Total shares The Lithuanian government has reportedly sold a batch of cryptocurrency seized by local enforcement agencies. The State Tax Inspectorate, or STI, the country’s tax authority, sold confiscated crypto assets worth 6.4 million euro ($7.6 million) […]

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