Following in the footsteps of the United States, the South Korean government has announced that it will auction 216 bitcoins that it confiscated in 2016.

The cache of digital currency, currently worth close to $600,000, was seized by members of the South Gyeonggi Provincial Police Agency, who arrested a 33-year-old individual on charges of operating an “obscenity” website, Seoul Economic Daily reported.

This will be the first auction of its kind in South Korea.

Confiscated financial assets, including digital currencies like bitcoin, can be auctioned off by the government, according to the Korea Asset Management Corporation (KAMCO), which oversees all state-owned properties and development.