The largest cryptocurrency seizure in United Kingdom, worth more than 130 million euros made by the London police.
Officers specializing in money laundering investigations were seized cryptocurrencies worth 11 114 million (EUR 132.7 million), with police talking about “one of the most important seizures in the world”.
According to the police, the operation was based on information received regarding the transfer of assets from criminal activities.
«Cash remains the king, but as technology and online platforms evolve, some adopt more sophisticated methods to launder their profits. “But we have highly trained officers and special teams working day and night to stay one step ahead,” said Graham McNalty, deputy police chief, in a statement issued yesterday by AFP and Athens Broadcasting Corporation.
In 2020/21, London police seized more than 47 47 million (close to € 55 million) in the hands of criminals.
Cryptocurrencies like bitcoin, are often criticized by regulators for their illegal use due to the anonymity they allow as well as their ease of implementation.
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