🔔 Cryptocurrency News Flash! 🇩🇪 The German state of Saxony is making headlines, not Germany itself, for selling off a massive stash of Bitcoin (BTC) seized during a criminal investigation. The state's Criminal Police Office confiscated nearly 50,000 BTC (worth almost $3 billion) earlier this year from a website operator found guilty of money laundering.

Despite the uproar from crypto enthusiasts, the sell-off is standard procedure for handling confiscated assets, according to Dr. Lennart Ante of the Blockchain Research Lab. The remaining BTC in the wallet of the German Federal Criminal Police Office is now down to 23,788.

What are your thoughts on Saxony's decision to sell? Do you think it's a smart move or a missed opportunity? Let's discuss in the comments! 💬