According to an Instagram post by thecryptotopics, the Bulgarian government seized 213,519 Bitcoin from an underground crime network before the 2017 bull run. The post also claims that this is a fortune of 8$ Billion with today’s price.
That happens after the Bulgarian government came into possession of the significant treasure after Bulgarian law enforcement authorities seized the Bitcoins during an operation related to identifying cyber-crimes committed by an international group of hackers.
At present, there is no comprehensive regulatory framework governing the country’s growing FinTech sector and transactions using crypto currencies, such as buying, selling, and paying with Bitcoins, are not subject to licensing requirements.
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