US Regulators: the World's Bitcoin Police?
It's clear that some of the top cops in the United States aspire to regulate virtual currencies on a global scale. A series of meetings took place last week in response to the criminal activities lawmakers have witnessed using distributed money such as bitcoin. What does this mean for those starting bitcoin-based businesses in the US? And what impact will this have on virtual currencies in the global economy? Three simple steps? Jennifer Shasky Calvery is the US director of the Financial Crimes Enforcement Network (commonly known as FinCEN). During the Senate Committee Meeting 'Beyond Silk....
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U.K. police have revealed how much cryptocurrency they have seized in the past five years in response to Freedom of Information requests. The London Metropolitan Police seized more bitcoins than other police boroughs.
UK Police Reveal Information About Seized Crypto
Twelve of the U.K.’s 43 police forces have seized cryptocurrency worth approximately £322 million ($435 million) in criminal investigations in the last five years, New Scientist reported Thursday, citing Freedom of Information (FOI) requests it submitted.
Bitcoin made up 99.9% of the....
Interpol, the International Criminal Police Organization, has announced the launch of the supposed first police metaverse experience. This new virtual world, which allows users to visit the offices of the institution in Lyon, aims to advance the understanding of metaverse-related crimes and opens the possibility for users to receive training in different areas. Interpol Launches Metaverse World The metaverse is being harnessed for more than just recreational and commercial objectives. Interpol, the International Criminal Police Organization, has announced the launch of what is claimed to....
The U.K. police have returned over $5.4 million to victims of an international cryptocurrency scam. The police say that almost $10 million more will be returned to victims. So far, 127 more people have filed a claim to recoup their investments.
Police Return Funds to Crypto Scam Victims
The U.K.’s Greater Manchester Police (GMP) announced Friday that about $5.4 million of the funds seized from an international cryptocurrency scam rumbled by its police officers in July last year have been returned to rightful owners. The announcement details:
Over four million pounds....
A Nigerian protest group called Feminist Coalition is asking well-wishers to make donations via bitcoin after authorities reportedly blocked the organization’s bank account. Feminist Coalition is one of the many groups spearheading protests against alleged police brutality by a Nigerian police unit, the Special Anti-Robbery Squad (SARS). Before the blockade of the bank account, Feminist Coalition says it had used donations raised through the account to fund 90 protests across the country. By closing the bank account, authorities are attempting to suffocate a movement whose success....
The recent news that the Danish police have become the first in the world to hunt down Internet drug traffickers by analyzing related transactions is, in a way, a positive for the image of the top digital currency in the world, Bitcoin. With its latest rise to an all-time high in several markets, there is a tendency for the cryptocurrency to attract more users. Some of them use Bitcoin for criminal purposes, so the recent arrest in Denmark is a good move for the image of the currency. Not to demonstrate that it can be controlled by the police in any country but to show that it is possible....