Ukraine plans to convert several million dollars’ worth of cryptocurrency seized from an alleged international cybercrime group into government war bonds, the first time the country has used confiscated digital assets to support its wartime economy, according to state authorities.

Ukraine’s Asset Recovery and Management Agency (ARMA), which manages property seized in criminal proceedings, said more than $8.3 million in cryptocurrency had been transferred to its official digital wallet following a court order.

“This is the first time seized digital assets have been placed under ARMA’s management, demonstrating the government’s readiness to handle new types of assets,” the agency said on Saturday.

The cryptocurrency was obtained…