UK police forces have seized more than £300 million in bitcoin

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Technology 5 January 2022

A ocular practice of the integer Cryptocurrency, Bitcoin connected October 24, 2017 successful London, England. Cryptocurrencies including Bitcoin, Ethereum, and Lightcoin person seen unprecedented maturation successful 2017, contempt remaining highly volatile. While integer currencies crossed the committee person divided sentiment betwixt fiscal institutions, and present person a marketplace headdress of astir 175 Billion USD, the crypto assemblage coninues to grow, arsenic it sees wider mainstreem adoption. (Photo by Dan Kitwood/Getty Images)

POLICE forces crossed the UK person seized bitcoin and different cryptocurrencies valued astatine astir a 3rd of a cardinal pounds during transgression investigations, New Scientist tin reveal. But this fig whitethorn beryllium lone a tiny fraction of the illicit funds being utilized successful the UK, due to the fact that constabulary look important technological and legislative hurdles erstwhile investigating crimes involving cryptocurrencies.

Freedom of accusation (FOI) requests made by New Scientist amusement that 12 of the UK’s 48 constabulary forces person seized cryptocurrency successful …

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