Met Police Seize £180m in Cryptocurrency
The Metropolitan Police force seized approximately £180 million in the ongoing fight against money launderers and cyber criminals, who use virtual currencies to protect their identities more easily from law enforcement agencies.
The UK’s biggest police force confiscated approximately £180 million in cryptocurrency, according to a BBC report. The seized assets are related to an ongoing investigation into international money laundering led by the economic crime command unit of the Metropolitan Police Service.
The Metropolitan Police seized the digital assets after receiving intelligence about the movement of criminal assets. The police force did not disclose the specific cryptocurrencies involved in the case.
The Met police seized £114m in bitcoin in June as part of a similar investigation into money laundering investigation, according to The Times newspaper.