$75 Billion In Crypto Up For Grabs For Governments Eyeing Strategic Reserves
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There is over $75 billion worth of cryptocurrencies tied to illicit activity up for grabs for the U.S. and other governments seeking to build a strategic reserve from asset forfeitures, Bloomberg reported on Oct. 9, citing data from blockchain analytics company Chainalysis.
“This brings asset forfeiture potential to a completely different level to what we’ve seen in the past,” Chainalysis CEO Jonathan Levin told Bloomberg. “It does change how countries think about that.”
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