Odaily Planet Daily News: The crypto wallet of the German Federal Criminal Police Office (BKA) has recently begun to transfer thousands of bitcoins to exchanges such as Kraken, Coinbase and Bitstamp, indicating its intention to sell these bitcoins. The wallet's bitcoin holdings have been reduced to 23,788. Lennart Ante, co-founder and CEO of the German Blockchain Research Lab Blockchain Research Lab, pointed out that the German law enforcement agency's sale of bitcoins is not an investment strategy, but a standard procedure for confiscating assets in criminal investigations. In addition, the analysis found that it was not the German government itself that sold the bitcoins, but a small state in eastern Germany called Saxony. The Saxony State Attorney General's Office is responsible for liquidating confiscated assets, so the asset sale is not surprising. It is reported that the seized assets need to be liquidated within a certain period of time. This is a routine business process, although this time the scale is larger than normal. In most cases, seized assets can only be transferred or sold if a judge rules that the state is allowed to do so, with the proceeds going into the state budget, but that was not the case in this case, but states can request emergency sales, for example if the assets are likely to depreciate rapidly in value or are difficult to store. (Coindesk)