The British National Crime Agency (NCA) has revealed that it has seized 26.894 million ($32.75 million) in cryptocurrency. “Criminals increasingly exploited financial technology and crypto assets” that could harm “the U.K.’s economy and institutions,” said the agency.
NCA Seizes Crypto Worth $33 Million
The British National Crime Agency (NCA) published its annual report 2021-22 this week. The NCA “leads the U.K.’s fight to cut serious and organized crime, protecting the public by targeting and pursuing those criminals who pose the greatest risk to the U.K.,” its website states.
The report details that between April 1, 2021, and March 31, 2022, the NCA seized property worth 59.79 million, stating:
Seized property held by the NCA as at 31 March 2022 consisted of 59.79m … in cash, motor vehicles and other valuables suspected of being derived from criminal activity.
The NCA also revealed that 26.894 million ($32.75 million) in cryptocurrency was among the property seized. In contrast,...
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