The operation was carried out by the Department for Combating Economic Crimes in the investigation of an international scheme of money laundering.
London police have announced the UK’s largest cryptocurrency seizure of £ 180m ($ 250m). It is believed to be one of the largest seizures in the world.
London law enforcers recorded the previous record at the end of June, when they managed to seize 114 million pounds.
The operation was carried out by the Department for Combating Economic Crimes. She became part of an investigation into an international money laundering scheme.
£ 180 million in cryptocurrency was discovered in June, and a 39-year-old woman was arrested in connection with this. She was subsequently released on bail.
“Cash continues to rule the criminal world, but as digital technology advances, organized crime is increasingly using cryptocurrencies to launder dirty money.
Until a few years ago, this was uncharted territory. We now have highly trained officers and specialized units that are working hard to stay ahead of those who exploit the proceeds of crime, ”said Deputy Assistant Commissioner Graham McNulty.
Last week, Russian Prosecutor General Igor Krasnov announced that Russia will develop amendments to legislation on the confiscation of digital assets that have become sources of proceeds from crime.
According to Krasnov, cryptocurrencies have become more often used for bribes and for laundering stolen budget funds.