Despite the fact that so far only El Salvador has legislated Bitcoin as legal tender and openly purchased Bitcoin in the market, in fact, many countries have indirectly become holders of Bitcoin due to the confiscation of proceeds from illegal activities.
According to statistics from bitcointreasuries, the country currently holding the most Bitcoin is the United States, with a total of over 200,000 coins and a total value exceeding $14 billion. China, ranking second, also holds Bitcoin worth over billions of dollars.
Most of the Bitcoin held by these countries comes from the confiscation of proceeds in illegal activities by authorities:
– United States – Confiscated from online criminal activities such as Silk Road and the Bitfinex hack.
– China – Confiscated from the PlusToken fraud case.
– United Kingdom – Confiscated from the Chinese overseas investment fraud case.
– Germany – Confiscated from money laundering activities of pirate websites.
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