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

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Technology 5 January 2022

By Matthew Sparkes

 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)

Bitcoin has nary carnal form, truthful is hard to track

2017 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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