Australia is selling A$16m (US$11m) in confiscated bitcoins in the first of such auctions held outside the US, as demand for the cryptocurrency surges to its highest level in almost two years.
EY, the auditing and financial services group, said on Monday it had been engaged to sell 24,518 bitcoins, which were confiscated as “proceeds of crime” during 2015.
The auction comes as the value of the world’s most popular digital currency hit $534.47, its highest since August 2014, according to CoinDesk, which operates a bitcoin price index.
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