The UK’s National Crime Agency (NCA) is expanding its cryptocurrency investigation team
– The NCA is actively recruiting senior roles for its digital asset investigations task force.
– The agency has posted four job opportunities on its website for senior investigators to join its Complex Financial Crime Team (CFTC) and assist with digital asset-related crimes.
– The newly formed Digital Assets Team (DAT) will ensure that complex investigations into blockchain-enabled crime comply with the Criminal Procedure and Investigations Act 1996 (CPIA).
– The positions require collaboration with CPS, investigators, intelligence, and analysis staff to handle disclosure requirements.
– The establishment of the digital asset team is in response to the need for more comprehensive crypto regulation and the investor losses caused by various scandals in the industry.
UK Sets Up Investigative Unit to Deal With Illicit Crypto-Related Activities
– The UK’s NCA has established a digital asset team due to the increasing need to investigate crypto-related activities.
– The country’s Financial Conduct Authority (FCA) has shut down 26 illicit crypto ATM sites to combat illegal activities.
– The UK Parliament passed a bill allowing authorities to seize and freeze cryptocurrencies used in criminal activities.
Hot Take
The expansion of the NCA’s cryptocurrency investigation team is a positive step in addressing the growing concerns surrounding crypto-related crimes. With the establishment of the Digital Assets Team, the NCA aims to enhance its efforts in investigating blockchain-enabled crime and ensuring compliance with relevant legislation. The UK’s proactive approach in regulating cryptocurrencies and cracking down on illicit activities demonstrates its commitment to protecting investors and maintaining the integrity of the financial system.
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