There are electronic components on the PCB. There is a concept of cripto currency. The stock photo is from the stock photo service.
The stock photo is from the stock photo service.
According to a report from the New Scientist, UK law enforcement has seized nearly half a billion dollars worth of digital currency in the last five years.
According to the New Scientist, a quarter of the UK's 48 police forces have found cryptocurrencies, amounting to over $400 million.
The Greater Manchester Police seized £25 million, or $34 million, of the total, while the London Metropolitan Police seized £294 million, or $398 million.
The London Metropolitan Police seized a record amount of cryptocurrencies in June. A month later, the same department set a new record when it recovered a whopping $249 million, according to a CNBC report.
The New Scientist said that law enforcement discovered other digital assets in the UK, such as monero, dash, and zcash.
Difficulty in tracing accounts and holders of assets has made cryptocurrencies popular among criminals.
In the US, the Justice Department seized $56 million worth of cryptocurrencies in November related to the BitConnect scam, in which the promoter deceived thousands of people out of $2 billion worth of bitcoin. In December, US and Japanese law enforcement seized 3,879 bitcoins, worth about $167 million, after a worker at Sony Life Insurance Company in Tokyo stole funds from her employer.
A new report from Chainalysis found that the amount of crimes involving cryptocurrencies jumped 81% in the year of 2011.
Business Insider has an original article.
