Major Great britain and Ireland-based auction business firm Wilsons Auctions is putting $125,000 worth of Bitcoin (BTC) nether the hammer afterward this month.

In an announcement on March 6, Wilsons revealed the auction will exist hosted by Wilsons Auctions Dublin on March 24.

The Bitcoin is being sold on behalf of the Belgian Federal government, which seized the cryptocurrency in criminal cases and is at present cooperating with Wilsons' Asset Recovery Department to dispose of the Bitcoin.

The auction will be unreserved, i.eastward. without a minimum price set for the winning bid.

Outset public online auction in Ireland

While Wilsons has previously sold off cryptocurrency in other auction formats, this month'south auction represents the beginning public online auction of crypto in Ireland.

Marking Woods, an asset recovery executive at Wilsons, said of the sale:

"The format has proven popular with our customers, who are able to bid online and buy cryptocurrency from an established and trusted sale house instead of utilizing online exchanges, which can be a risky and daunting procedure."

He added that Wilsons offers guidance to cryptocurrency novices, with the aim of enabling all investors to "participate on a level playing field."

Woods struck a positive tone about the sale house'south recent collaborations with international experts, law enforcement and government agencies in the cryptocurrency field, noting that the strategy allows the auction house to remain "at the forefront" of developments.

1-two-three sold!

Wilsons has revealed that bidders from over 90 countries world-broad participated in its auction involving crypto-assets seized by the Belgian government earlier this yr.

The auction house also held a Monero (XMR) sale in January, selling off XMR seized past United Kingdom constabulary enforcement, likewise as multi-crypto asset auctions in fall of last yr.

Every bit reported, auctions have get a common ways for governments and police enforcement agencies to dispose of seized crypto, as with the U.s.' use of the format for assets from the Silk Road darknet market place.