Auction of £500,000 in cryptocurrencies to take place

Sale being held on behalf of UK police force that tackles organised crime and terrorism

The auction is being managed by Wilsons Auctions, who will sell off the digital currency with no reserve next week.

The auction is being managed by Wilsons Auctions, who will sell off the digital currency with no reserve next week.

British authorities are set to auction off £500,000 (€565,000) of cryptocurrencies seized from a criminal in two separate sales.

The cryptocurrency, which includes bitcoin, ethereum and ripple among others, was seized from a 19-year-old man found guilty of illegally supplying online personal data and hacking services, charging thousands of pounds for the services.

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