Bulgaria Government Shocked To Discover It Owns $3 Billion In Bitcoin

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Let’s hope they sell them fast before the bitcoin bubble collapses.

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Bulgaria?sGDP is about $52.4 billion (2016), so it is quite a shock that the Bulgarian Government is sitting on an approximate$3 billion worth of Bitcoins seized in an anti-corruption operationback in May.

Putting this into a little more glaring context, Bulgaria is holding 18% of the national debt in bitcoins…

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Bulgarian law enforcement jointly worked with the Southeast European Law Enforcement Center (SELC), a regional organization comprised of 12 member states, to bust asophisticated organized-crime network, arrestingtwenty-three Bulgarian nationals and seizing a total of213,519 bitcoins.

SELC described the organized-crime scheme as the hacking ofBulgarian Custom?scomputers and allowing those associated with the group to skip fees for…

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