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UK seizes over Rs 1 billion in cryptocurrencies – News

Lovell Massy by Lovell Massy
July 14, 2021
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UK seizes over Rs 1 billion in cryptocurrencies – News
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The London Police announced on Tuesday (13th) the seizure of the largest cryptocurrencies in the United Kingdom, which was carried out as part of a money laundering investigation, worth nearly $ 1.2 billion.

Agents seized nearly மில்லியன் 180 million worth of cryptocurrencies, claiming it was “one of the world’s biggest seizures”.

This value is exceeded London Metropolitan Police confiscated 4 114 million (approximately R816 million) last June Scotland Yard says this is part of an ongoing investigation into international money laundering.

What coins are not mentioned.

A 39-year-old woman was arrested on June 24 on suspicion of money laundering and later released on bail. He was questioned on July 10 about the discovery of nearly 180 million virtual coins.

“A month ago, we were able to seize 11 114 million worth of cryptocurrencies. Since then, our investigation has been complex and far-sighted. Explained in a statement.

Cryptocurrencies such as Bitcoin are often criticized by regulatory agencies for their illegal employment, the anonymity they allow, and the simplicity of their use.

According to a report by Synalysis released in February, transactions of virtual currencies for illicit purposes will reach $ 10 billion by 2020. This represents 1% of the total cryptocurrency activity last year. This is half of the previous year, when such activity reached $ 21.4 billion.

Lovell Massy

“Total creator. Devoted tv fanatic. Communicator. Evil pop culture buff. Social media advocate.”

Lovell Massy

Lovell Massy

"Total creator. Devoted tv fanatic. Communicator. Evil pop culture buff. Social media advocate."

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