UK’s National Crime Agency Seizes Nearly $27m in Crypto-Assets

07/25 11:03

According to Info Security, the UK’s National Crime Agency (NCA) seized millions of pounds’ worth of cryptocurrency last year as part of its efforts to crack down on money laundering and serious and organized crime (SOC). The NCA, which is the UK agency dedicated to tackling SOC, revealed in its latest annual report that during the period April 1 2021 to March 31 2022 it confiscated $26.9m in cryptocurrency assets, at prices calculated in March this year. No cryptocurrency was seized at all the year before, indicating the growing importance of digital money to organized crime gangs. In fact, more virtual currency was seized than physical assets (£7m) or fiat currency (£26m) over the 2021-22 report period.

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