The independent auction company in the Ireland and UK, Wilsons Auctions, will auction of seized crypto. This will be the first one in the Republic of Ireland, auctioning Bitcoin worth $125,000.
The company is not selling cryptocurrency for the first time as it had also sold Bitcoins in February 2019. At that time, nearly 315 BTC auctioned and bidding accessed to the bidders from 90 different countries. The Belgium federal government seized those Bitcoin in various illegal activities.
Will happen on March 24
Wilsons Auctions, however, is doing the first crypto auction in Ireland, while the digital currencies belong to the Belgium government. Now, the company is going to sell cryptocurrency from its Dublin branch and the auction will officially happen on March 24 and will run for 24 hours.
In this selling event of Bitcoin, more investors will be able to participate as slots will be open for people across the world. Bitcoin is not the only cryptocurrency but other digital currencies are also included in the coming auction including Bitcoin Cash (BCH) and Bitcoin Gold (BTG).
Mark Woods, Asset Recovery Executive at Wilsons Auctions, says:
‘’Wilsons Auctions is delighted to be holding its next auction of seized bitcoin, even more so because this will be the first of its kind in Ireland. The format has proven popular with our customers, who are able to bid online and purchase cryptocurrency from an established and trusted auction house instead of utilizing online exchanges, which can be a risky and daunting process.’’
Woods further explains that everything regarding the auctioning event is made available, and bidders will find no difficulty in the whole process. Moreover, investors, both experienced and newcomers, will be able to participate.
The Ireland-based company is gaining the attention of various recognized firms all over the world. This is due to its successful auctioning of crypto assets. Asset Recovery Director at Auctions Wilson, Aidan Larkin, said:
‘’Our Asset Recovery work has resulted in requests for assistance from various law enforcement agencies, government agencies and insolvency practitioners around the world asking for our help managing seized assets, with cryptocurrencies being one of the most prevalent due to the complex requirements of securing it.’’