South Korean Government to Auction 216 Bitcoins Later This Year
The South Korean government is set to auction off roughly $590,000 worth of Bitcoins later this year, according to Seoul Economic Daily.
The agency that manages assets for the South Korean government revealed that digital currencies such as Bitcoin can be auctioned off by the government as they are not considered to be non-auctionable assets.
A statement by KAMCO reveals:
“With the exception of currencies, assets, and securities are auctionable by the South Korean government. Although it is the first auction involving a digital currency overseen by the South Korean government, investors and the public can consider bitcoin as an asset that changes in value over time.”
For More:https://cointelegraph.com/news/south-korean-government-to-auction-216-bitcoins-later-this-year
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