Don’t Try Hiding Money in Crypto

The Home Office has announced that in an attempt to tackle the issue of drug dealers, fraudsters and terrorists using crypto to hide and raise money, it’s giving new powers to the police.

Over £1 Billion In Illegal Crypto Transactions 

With over £1 billion in illegal crypto transactions taking place in the UK each year, the Home Office has announced that the government has now updated its proceeds of crime and terror legislation so that the National Crime Agency and police now have the powers to seize, freeze and destroy the crypto assets used by criminals.