An investigation into copyright violations by the German state of Saxony led to the uncovering of 50,000 Bitcoin (CRYPTO: BTC) acquired using the proceeds of pirated works. What Happened: German authorities announced the seizure of almost 50,000 Bitcoins equivalent to around $2.1 billion after an investigation by Saxony prosecutors, Germany’s Federal Criminal Police Office and the U.S. Federal Bureau of Investigation. It is termed as the most extensive seizure of Bitcoins by law enforcement in the Federal Republic of Germany. Bitcoin was acquired by two German and Polish national suspects in m…

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