Romania Launches Auction For Bitcoin And Ethereum

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Romania has put up for sale Bitcoin and Ethereum coins seized in a fraud case by auction method. Anyone who applies online will be able to participate in the auction.

The ANABI, the government agency responsible for managing the confiscated assets in Romania, announced that it will launch auction for some Bitcoin (BTC) and Ethereum (ETH) seized in a fraud case. The sale of the seized crypto coins by auction will be made in accordance with the decision of the Ploiesti Court. The only precondition for participating in the auction was announced on the official website of ANABI.

Romanya-Bitcoin-Ethereum

The Buyer Also Has Obligations

The purchaser of BTC and ETH coins placed in the auction is also planned to be subject to some obligations by official institutions:

  • The person who bought Bitcoin and Ethereum at the auction should inform the ANABI institution about the platform and address to be transferred.
  • The platform to transfer purchased Bitcoin and Ethereum must be owned by a legally recognized legal entity in Romania and working in accordance with the norms.
  • The platform to which cryptocurrencies will be transferred must have a “know your customer (KYC) – know your customer” procedure in local and international standards.

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