2 years ago
U.K. constabulary person revealed however overmuch cryptocurrency they person seized successful the past 5 years successful effect to Freedom of Information requests. The London Metropolitan Police seized much bitcoins than different constabulary boroughs.
UK Police Reveal Information About Seized Crypto
Twelve of the U.K.’s 43 constabulary forces person seized cryptocurrency worthy astir £322 cardinal ($435 million) successful transgression investigations successful the past 5 years, New Scientist reported Thursday, citing Freedom of Information (FOI) requests it submitted.
Bitcoin made up 99.9% of the cryptocurrencies seized successful the U.K. However, Law enforcement besides seized ethereum, monero, dash, and zcash, the work conveyed.
The constabulary unit that seized the astir cryptocurrencies was the London Metropolitan Police, which seized £294 cardinal successful BTC. The Greater Manchester Police seized £25 million. Some constabulary boroughs did not respond to the requests.
Meanwhile, the U.S. taxation authority, the Internal Revenue Service (IRS), revealed successful November past twelvemonth that $3.5 cardinal successful crypto was seized during the fiscal twelvemonth 2021. This represents 93% of each funds seized by the taxation agency’s transgression probe portion during the aforesaid clip period. The bureau expects to prehend billions of dollars much successful cryptocurrency this year.
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What bash you deliberation astir the magnitude of bitcoin seized by U.K. police? Let america cognize successful the comments conception below.
Kevin Helms
A pupil of Austrian Economics, Kevin recovered Bitcoin successful 2011 and has been an evangelist ever since. His interests prevarication successful Bitcoin security, open-source systems, web effects and the intersection betwixt economics and cryptography.
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