A collection of bitcoins worth about $ 13 M, which had been confiscated by police in Australia, will be auctioned off in June. The 24,518 bitcoins will be sold mostly in blocks of 2,000
Ernst & Young, the firm organising the auction, said the bitcoins had been "confiscated as proceeds of crime"
Currently about 4,000 new bitcoins are generated a day, as a reward for "miners" who offer their computer power to process Bitcoin transactions.
"Australia has been going through its own regulatory process - and this makes a standing that Bitcoin is legal to use in Australia.
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