Reeves eyes 5bn windfall from sale of seized cryptocurrency'
Briefly

The Independent prioritizes critical storytelling on issues like reproductive rights and climate change. It emphasizes the importance of sending reporters to cover developing stories from various perspectives. The organization remains committed to accessible journalism without paywalls, contrasting with other outlets. Significant financial developments include Rachel Reeves aiming for a 5bn windfall through seized cryptocurrencies to address public finance shortfalls. The Home Office is collaborating with police to sell at least 5bn in cryptocurrencies. Reeves faces challenges in balancing the budget, with tax hikes and a potential wealth tax being discussed as solutions.
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The Home Office is reportedly working with police forces to offload at least 5bn worth of Bitcoin and other currencies taken from criminals.
Ms Reeves has been left with a gap of at least 5bn to fill when she sets out the government's spending plans this autumn.
Home Office plans for a crypto storage and realisation framework would allow law enforcement to securely store frozen digital currencies and sell them.
Read at www.independent.co.uk
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