In a decisive move to counter the escalating use of cryptocurrencies in criminal activities, London’s Metropolitan Police established a 40-member team specializing in crypto investigations.
The move comes as authorities express mounting concerns that digital currencies now play an ‘endemic role’ in organized crime.
UK Crypto Fraud Cases Skyrocket
Since its inception in May, the specialized squad has swiftly responded to 74 intelligence referrals, resulting in 19 active criminal investigations. This proactive approach reflects law enforcement’s urgency in addressing the rising tide of crypto-related crimes.
The allure of cryptocurrencies for criminal networks lies in their capacity to obfuscate assets and enable seamless cross-border transactions. Bitcoin, in particular, has long been favored for its ability to shield illicit wealth transfers, presenting a considerable challenge for law enforcement agencies worldwide.
Recent statistics from a leading law firm, RPC, reveal a 41%
We współpracy z: https://cryptopotato.com/london-police-unleash-specialized-40-member-unit-to-hunt-down-crypto-criminals/
