See More

Finland Seeking Brokers to Assist in Sale of $82M Worth of Seized BTC 

2 mins
Updated by Ryan James
Join our Trading Community on Telegram

In Brief

  • Finland is looking to broker its sale of seized crypto.
  • Finnish Customs currently hold 1,981 BTC worth $82 million.
  • Finland remains a top destination for illegal crypto proceeds. 
  • promo

Finland is currently looking for cryptocurrency brokers to assist in the sale of bitcoin used in criminal activities.

Finland has announced that it is currently looking for reputable brokers to assist in the sale of seized bitcoin. The bitcoin in question has been confiscated due to illegal activities within the country. 

Currently, Finnish Customs holds approximately 1,981 bitcoin, which at the time of writing is worth $82 million. 

Director of financial management, Pekka Pylkkanen, explained that the use of a broker will allow for a safe and reliable method of selling cryptocurrencies. The country will look to add up to three brokers in a two-year agreement. Finnish authorities are looking to pay between €250,000 and €2 million to the selected brokers. The prices depend on the likelihood of more seizures in the future. 

Seized bitcoin from 2016 now worth $82M 

The majority of seized bitcoin is reported to come from Finnish drug dealer Douppikauppa. The bust saw Finnish authorities confiscate 1,666 bitcoin from Douppikauppa, which makes up a large portion of the funds currently held by Finnish Customs. The confiscation of BTC occurred in 2016.

However, due to concerns of bitcoin falling back into the hands of potential criminals, Finland decided to hold onto the cryptocurrency. “The main aim of Finnish Customs is to make sure the cryptocurrencies are sold securely, preventing further money laundering and criminal activities,” the authority said in a statement.

The surge in bitcoin pricing now means that the original stack of bitcoin has sky-rocketed in price. Authorities are now looking to liquidate bitcoin as its total price has reached $82 million in value. 

According to previous reports, Russia and Finland crypto exchanges receive the most illegal funds. CipherTrace had previously revealed that Finland held the title of being the preferred destination for illegal cryptocurrency for three years running.

Top crypto projects in the US | May 2024



In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.

Ryan James
Ryan Boltman is a dynamic and experienced professional with a rich background in marketing management, business development, and cryptocurrency journalism. With a BCOM in Marketing Management from the University of South Africa and an Honors in Business Management, Ryan has honed his expertise across multiple countries including South Africa, the USA, and the Netherlands. His career includes significant roles in customer success, sales management, and content creation within the blockchain...