Government of Bulgaria owns over 200,000 bitcoins (or a good third of annual tax revenues)
In May of this year, the Bulgarian police seized 213,519 bitcoins. Seven months later, Bitcoins still have not been sold - and the Southeastern European government has become perhaps the biggest winner of the Bitcoin Rally of 2017. Congratulations!
On 19 May 2017, the Bulgarian police completed months of cybercrime investigations with the help of SELEC, a center of the Southeast European police authorities. It was about a unit of organized crime that helped to evade taxes by bribing customs officers and installing a virus on customs computers. Participants included Bulgarian citizens with contacts to Macedonia, Greece, Romania and Serbia.
The Bulgarian police searched more than 100 houses and cars. She has arrested 23 suspects, including 5 customs officers, and confiscated a considerable amount of money, including 213,519 bitcoins. The Bitcoin rate at that time was $ 2,354, so the confiscated bitcoins were already worth half a billion dollars.
