The German government has transferred $195 million worth of Bitcoin to exchanges, as reported by Arkham Intelligence. This move is part of a larger transfer of $600 million in BTC on June 19, with $130 million sent to exchange addresses. Concerns have been raised about the potential market impact of Germany selling off its significant digital asset holdings. The Bitcoin transfers were carried out by the German Federal Criminal Police Office, which seized 50,000 BTC from a piracy site earlier this year. Germany now holds 47,179 BTC, making it the fourth-largest holder of Bitcoin among nations. Other countries like El Salvador and Venezuela have also embraced Bitcoin for various reasons, while Bhutan has been quietly mining the cryptocurrency since 2019. Central banks, including Germany's, are recognizing the importance of adapting to the changing landscape, with distributed ledger technology playing a key role in this transformation. Read more AI-generated news on: https://app.chaingpt.org/news