August 17, 2022

UK police forces have seized more than £300 million in bitcoin

UK police forces have seized more than £300 million in bitcoin
UK police forces have seized more than £300 million in bitcoinUK police forces have seized more than £300 million in bitcoin

Bitcoin has no physical form, so is hard to track

2017 Getty Images

POLICE forces across the UK have seized bitcoin and other cryptocurrencies valued at almost a third of a billion pounds during criminal investigations, New Scientist can reveal. But this figure may be only a tiny fraction of the illicit funds being used in the UK, because police face significant technological and legislative hurdles when investigating crimes involving cryptocurrencies.

Freedom of information (FOI) requests made by New Scientist show that 12 of the UK’s 48 police forces have seized cryptocurrency in …