Monero First Sale Through Private Auction House In UK
While it is common across the United States, cryptocurrency auctions are not as popular around the world. The first independent auction for cryptocurrencies will take place in Northern Ireland auction company, Wilsons Auctions for seized Monero (XMR) coins.
According to Ireland’s local news outlet Belfast Telegraph, Wilsons Auctions in Newtownabbey will be auctioning off 167.7 Monero coins at the exchange rate of £6,655.36 (approximately $8,400). The 24hr live online auction will begin at noon on Monday 7th, through noon Tuesday 8th.
This will be the first in a series of auctions over the coming weeks. It is unclear how the privacy-focused coin was seized by the authorities but Wilsons recently won a contract with the Belgium Federal Government’s Asset Management Office. Under the contract, Wilsons will support investigators in Belgium and facilitate the secure seizure and storage of cryptocurrencies.
Wilson Auctions is planning to conduct several more auctions over the coming weeks following the fact that the independent auction house won a contract to conduct all future cryptocurrency sales by the Belgium Federal Government’s Asset Management Office. Wilsons will facilitate the safe storage and sale of cryptocurrencies seized by the law enforcement agency.