Tip: The government likes to get involved in cryptocurrency theft rather than auctions.

Earlier this week, the Lithuanian Revenue Authority (STI) first sold around $ 7.5 million worth of cryptocurrency, according to Cointelegraph. Linas Rajackas, CEO of cryptocurrency startup Kaiserex, said it appeared to be beneficial for regulators. Linas Rajackas said, "We have successfully sold Bitcoin for more than the Average Daily Value which cannot be competitively priced." STI has selected Kaiserex as a technology partner to sell cryptocurrencies through open tenders. Kaiserex completes the exchange through the main cryptocurrency exchange window. Linas Rajackas said, "If the government wants to change the crypto, I think the Ministry of Finance should do it. The Treasury Department is responsible for the planning and management of government resources. STI regulations respect the rate of d Taxation and foreclosure According to the data, the company plans to continue working with Lithuanian institutions for similar cryptocurrency activities and to promote the digital currency activities of the Lithuanian Central Bank.