Sign up Thank you for subscribing We have more newsletters Show me See our privacy noticePolice have seized the UK's largest cryptocurrency haul, worth almost £180million, after a crackdown on international money laundering. The Metropolitan Police also arrested a 39-year-old woman on June 24 on suspicion of money laundering offences. The previous record for UK confiscation of cryptocurrency was set just last month, also by the Met, who took control of £114million. The Financial Conduct Authority (FCA) watchdog does monitor crypto, but only to prevent money laundering or funding terrorism. Last month the Mirror reported that two Bitcoin traders vanished , along with £2.59billion worth of the cryptocurrency held on their investment website.

Source: Daily Mirror July 13, 2021 12:39 UTC