While some governments are selling Bitcoins (BTC) confiscated through constabulary enforcement deportment, Finland is yet to decide what to exercise with its seized BTC.

Finnish Customs, operating under the Ministry of Finance, has reportedly been deliberating nigh what to do with 1,666 Bitcoins seized from drug criminals years ago.

Every bit reported by Finland's national public broadcasting firm on Feb. 25, the Finnish Customs service doesn't want to sale the confiscated Bitcoin because the cryptocurrency could be returned to the hands of criminals.

Price of seized Bitcoins surges since the confiscation

According to the report, at the time of the seizure, the corporeality of confiscated Bitcoin was worth less than 700,000 euros, or roughly $760,000. As of press fourth dimension, 1,666 BTC is worth nigh xv million euros — or more $15.v million, according to data from Coin360. The say-so was initially planning to sale the funds back in 2022, only somewhen concluded upwardly holding the crypto, citing Anti-Money Laundering (AML) concerns.

Pekka Pylkkänen, caput of finance at the Finnish Customs service, said that cryptocurrencies like Bitcoin are primarily used for illicit practices:

"From our point of view, the problems are specifically related to the risk of money laundering. The buyers of cybercurrency rarely use them for normal endeavors."

Apart from property over $15 meg in Bitcoin, Finnish Community also holds a number of seized altcoins worth of millions of euros, the report notes.

Finnish Community declined to comment on the matter to Cointelegraph.

U.S. Marshals allegedly missed out on over $1.7 billion past selling seized Bitcoin besides early

Meanwhile, other countries do not appear and then concerned about taking profits from belongings Bitcoin. On Feb. 18, the U.S. Marshals Service sold another batch of Bitcoin confiscated during its enforcement operations. According to data compiled by well-known crypto industry figure Jameson Lopp, the U.S. Marshals has missed out on over $1.seven billion by selling the seized crypto besides early.

The bureau has confiscated and sold 185,230 Bitcoins, according to Lopp's data.

Whatever the reason behind Finnish Customs' decision to hold the confiscated crypto, the authorisation is not alone in thinking that Bitcoin and other cryptos might exist more dangerous than cash in terms of coin laundering.

In July 2022, United states Treasury Secretary Steven Mnuchin voiced an extremely skeptical opinion of Bitcoin, arguing that cash is not laundered in the same mode as Bitcoin.