Crackdown on Crypto Crime 👮 London's Metropolitan Police forms a 40-member team to tackle increasing cryptocurrency-related criminal activities.
Operational Team 🚀 Initiated recruitment in December, the team became operational in May, reflecting growing concerns over crypto's role in illegal enterprises.
Crypto: A Criminal Tool 🛠️ Detective Inspector Geoff Donoghue highlights crypto's pervasive role in organized crime, mentioning its use in drugs, arms, and human trafficking.
Active Investigations 🕵️ With 19 ongoing criminal investigations based on 74 "intelligence referrals," the team's formation is timely amidst the crypto economy's expansion.
Bear Market Irrelevant to Crime 📉 The crypto bear market hasn’t curbed digital assets' use in crime, implying a sustained challenge for law enforcement.
Serving a Large Jurisdiction 🌆 The Metropolitan Police, serving 8.6 million people in greater London, escalates efforts to police the digital asset realm as crypto crimes surge.