Cryptocurrency worth $ 435 million from 12 British police forces confiscated in five years-regulation
Cryptocurrency worth $ 435 million from 12 British police forces confiscated in five years-regulation
The British police have announced how much cryptocurrency she has confiscated in the past five years in response to inquiries about freedom of information. The London Metropolitan Police confiscated more bitcoins than other police districts.
British police revealed information about confiscated crypto
Twelve of the 43 British police forces have confiscated cryptocurrencies worth around £ 322 million in the past five years in the event of criminal investigations, reported on Thursday, referring to the freedom of information (FOI).
Bitcoin made up 99.9 % of the cryptocurrencies confiscated in Great Britain. However, the law enforcement authorities also confiscated Ethereum, Monero, Dash and Zcash, according to the publication.
The police, which confiscated the most cryptocurrencies, was the London Metropolitan Police, the £ 294 million btc . The Greater Manchester police confiscated £ 25 million. Some police districts did not react to the inquiries.
In the meantime, the US tax authority Internal Revenue Service (IRS) in November last in November The year 2021 cryptocurrencies worth 3.5 billion US dollars were confiscated in the financial year. This corresponds to 93% of all funds that were confiscated by the tax authority's criminal police department during the same period. The agency expects to confiscate another billion dollars in cryptocurrency this year.
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