In response to the increasing use of cryptocurrency in criminal activities, the Metropolitan Police in London has taken decisive action by establishing a team of 40 members dedicated to cryptocurrency investigations. Data shows that last year, cryptocurrency fraud cases in the UK increased by 41%, reaching £306 million.
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London Police Set Up a 40-Member Professional Team to Hunt Down Cryptocurrency Criminals
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EU regulators set out guidelines on restrictions for cryptocurrency providers
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UK House of Lords backs Digital Asset Property Bill
members of the UK House of Lords expressed support for the country's digital asset property bill during a second reading session on Wednesday. The House of Lords Committee generally believes that the bill will provide more clarity on how the legal system treats cryptocurrencies and may mark another step forward for the UK in paving the way for domestic cryptocurrency use. The bill was drafted by the independent statutory body, the Law Commission, and was launched in the UK in September. The bill adds a new "property" category within the scope of property to help resolve legal disputes involving cryptocurrencies. The bill will not only help judges in criminal proceedings involving cryptocurrency theft due to fraud or hacking, but will also help divide marital property. -
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