Deep Tide TechFlow News, on July 20, according to the Daily Telegraph in the UK, Chancellor of the Exchequer Rachel Reeves is considering selling government-held seized cryptocurrencies to alleviate national financial pressures. The Home Office is collaborating with the police to develop an official cryptocurrency storage system for handling the sale of Bitcoin and other digital currencies.

It is estimated that the seized cryptocurrencies held by the UK government are worth at least £5 billion. One enforcement action in 2018 seized 61,000 Bitcoins from a Ponzi scheme, which are valued at over £5.4 billion at current prices.