Mobile Prices / Blog / Cryptocurrency / Cryptocurrency Worth $435 Million Seized by 12 UK Police Forces in Five Years

Cryptocurrency Worth $435 Million Seized by 12 UK Police Forces in Five Years


By Yes Mobile

Cryptocurrency Worth $435 Million Seized by 12 UK Police Forces in Five Years

Cryptocurrency Worth $435 Million Seized by 12 UK Police Forces in Five Years

U.Okay. police have revealed how a lot cryptocurrency they’ve seized in the previous 5 years in response to Freedom of Info requests. The London Metropolitan Police seized extra bitcoins than different police boroughs.

UK Police Reveal Info About Seized Crypto

Twelve of the U.Okay.’s 43 police forces have seized cryptocurrency value roughly £322 million ($435 million) in legal investigations in the final 5 years, New Scientist reported Thursday, citing Freedom of Info (FOI) requests it submitted.

Bitcoin made up 99.9% of the cryptocurrencies seized in the U.Okay. Nonetheless, Regulation enforcement additionally seized ethereum, monero, sprint, and zcash, the publication conveyed.

The police power that seized probably the most cryptocurrencies was the London Metropolitan Police, which seized £294 million in BTC. The Higher Manchester Police seized £25 million. Some police boroughs didn’t reply to the requests.

In the meantime, the U.S. tax authority, the Inner Income Service (IRS), revealed in November final yr that $3.5 billion in crypto was seized in the course of the fiscal yr 2021. This represents 93% of all funds seized by the tax company’s legal investigation unit throughout the identical time interval. The company expects to grab billions of {dollars} extra in cryptocurrency this yr.

What do you consider the quantity of bitcoin seized by U.Okay. police? Tell us in the feedback part beneath.

Kevin Helms

A scholar of Austrian Economics, Kevin discovered Bitcoin in 2011 and has been an evangelist ever since. His pursuits lie in Bitcoin safety, open-source techniques, community results and the intersection between economics and cryptography.

Earlier articleInstitutional Traders Say SEC Having Extra Energy to Regulate Crypto Will Increase Costs

Subsequent article Maker Co-Founder Calls UST and MIM ‘Stable Ponzis’ That Will Go to Zero

Extra Fashionable NewsIn Case You Missed ItEthereum Has Burned 1.2 Million ETH in four Months, Near $5 Billion in Ether DestroyedWith three days left till the tip of 2021, the Ethereum community and its native token ether have had an exceptional yr as ether has elevated greater than 450% in worth in 12 months. 145 days in the past, on August 5, … learn extra.

HP-Branded Servers Hijacked to Mine $110,000 Price of Cryptocurrency

Crypto Scammer Arrested in Bangkok After Fleeing With 500 Million Baht

Ethereum Hashrate Faucets File-Setting 1 Petahash as ETH’s Mining Profitability Stays Excessive

India’s Swadeshi Jagran Manch Requires Outright Ban on Cryptocurrency

Yes Mobile
Yes Mobile is the senior mobile blog writer and technology expert. Our aim provides the best information about mobile technology and latest mobile prices in Pakistan new mobile news video reviews issues etc. And how to use software easy ways. and much more.

Latest Posts

Latest Mobile Price List in Pakistan

BlackBerry DTEK70 Coming Soon
BlackBerry DTEK60 Coming Soon
Tecno Phantom 8 Rs. 34,500
Apple iPhone XS Max Rs. 166,499
Apple iphone 8 Plus Rs. 110,499
Apple iphone 8 Rs. 96,499
Apple iPhone X Rs. 128,499
Huawei Nova 3 Rs. 58,499
Honor 9 Mobile Rs. 55,499
Tecno Camon 11 Pro Rs. 29,500
Nokia 8 Sirocco Rs. 103,500
Meizu Zero Rs. 67,500
Nokia 5.1 Rs. 18,500
Nokia X6 Rs. 31,500
Nokia 4 Rs. 19,500
Realme 2 Rs. 25,499
Tecno Camon iACE2X Rs. 13,300
Realme U1 Rs. 28,499
Meizu Note 8 Rs. 44,500
Realme C1 Rs. 18,000
Meizu 16s Plus Rs. 71,500
Huawei P30 Pro Rs. 173,500
Samsung Galaxy A70 Rs. 61,499
Huawei P30 Lite Rs. 43,499
Oppo F11 Pro Rs. 54,499
Oppo A5s Rs. 19,500
Samsung Galaxy A10 Rs. 20,500
Vivo V15 Pro Rs. 57,500