Finland: Authorities Unsure How To Store 2,000 Seized Bitcoins After Treasury Guidelines

Authorities in Finland are trying to devise a means to store 2,000 bitcoins confiscated in 2016, following new guidelines from the Treasury published Tuesday, Feb. 20, Bloomberg reported.

According to Bloomberg, citing the Treasury guidelines, the authorities are prohibited from storing the bitcoin stash, worth roughly $22.8 mln today, on virtual currency exchanges or services, instead requiring that they be stored offline, in a cold storage. Finnish authorities have declined to comment on how they’ve been storing the seized bitcoin up to this point.

Previously existing statutes on seized currency are insufficient to address the problem. Citing a Treasury document, Bloomberg states the Finnish government prohibits authorities in this case from considering bitcoin or any other crypto asset as currency. Rather it is an asset that “…as a rule, can’t be used or accepted as a means of payment or as an investment”.

Following a binding court ruling on the confiscation of the 2,000 bitcoins, the seized assets will be converted to euros by the Finnish state at public auctions, as the Treasury considers commercial exchanges to be “untrustworthy and opaque”.

This will not be the first case in which cryptocurrencies seized in criminal investigations are auctioned off by the state. During the bust of a customs-dodging crime syndicate in Bulgaria, authorities seized 213,519 Bitcoins, roughly $2.5 bln today, which the government plans to use to settle part of the national debt.

On Jan. 22, the US Marshal’s Office auctioned off 3,813 Bitcoins seized in criminal investigations, some of which, Cointelegraph reported, were seized during the arrest of a prominent drug dealer in the state of Utah. At the time, the Marshal’s sum amounted to a nearly $50 mln value on commercial exchanges.

Aaron Wood

Published at Tue, 20 Feb 2018 23:58:16 +0000

bitcoin[wpr5_ebay kw=”bitcoin” num=”1″ ebcat=”” cid=”5338043562″ lang=”en-US” country=”0″ sort=”bestmatch”]

November 19, 2017

Selecting the Best Accessories for Your Cell Phone

Communication is essential in today’s busy world. Everywhere you turn, people are talking, texting blogging and surfing the Internet on their cell phones. With increased use, functionality and popularity, cell phone accessories were created to make toting around your portable device and staying connected 24/7 easier than ever before.

The Types of Cell Phone Accessories

When people hear the phrase, cell phone accessories, they often think of cases, covers and aesthetic additions to the cell phone. Cell phone accessories are not limited to aesthetics. There are many choices in the accessory market that prove more functional than beautiful.

For the MP3 compatible phone, there are accessories to listen to the music through your car speakers, portable speakers and charging devices that are essential due to the battery spent while listening to music. This is just one example of cell phone accessories that are more functional, common categories include batteries, Bluetooth, cases, clips, car chargers, home chargers, USB cables, car kits, mounts, wireless kits, downloads, applications and more.

How to Choose the Best Accessories

The first step in choosing the best cell phone accessories is understanding the model number of your phone. There are phone names and then there are model numbers. The Motorola Razr, for instance, is a phone name. Under that name there are many different models. The V3i offers integrated iTunes and will require an additional battery or portable charger on a regular basis. Other Razr models will not fit the same accessories as the V3i, or other Razr model numbers.

Once you know the name and model number of your cell phone, many manufacturers and online retailers will list the available accessories. Just because an accessory is available for one cell phone does not mean it will be available for every cell phone. This means researching the accessories available for a cell phone before choosing the phone may be a money saving option in the long run.

Another huge factor in choosing the accessories for your cell phone is your daily life. If you use your cell phone in the car, a car mount will increase safety. If you use your phone only occasionally, a Bluetooth earpiece may not be something you will benefit from. The idea is to ask yourself these questions:

What do I do with my cell phone every day?
Do my activities require additional battery life?
Am I using my cell phone to its full capacity?
Is the accessory cost going to be recouped in ease of use?
Will I use the accessory every day?

Cell phones are available all over the world; keeping people connected to each other 24 hours a day, seven days a week. This constant connection and the huge increases in network speeds and connectivity between the Internet and the cell phone point toward the accessory market. The more your phone can do the more accessories available to make that cell phone and your use of the cell phone, all the easier and more productive.

The post Selecting the Best Accessories for Your Cell Phone appeared first on Mokey International.

Finland: Authorities Unsure How To Store 2,000 Seized Bitcoins After Treasury Guidelines

You might be interested in …

Learn how to accumulate Bitcoin daily by mining.

EU Agencies to Offer €100K Prize at Blockchain Hackathon

Selecting the Best Accessories for Your Cell Phone

The Types of Cell Phone Accessories

How to Choose the Best Accessories