A think-tank backed by a group of UK-based law enforcement officials have published a newly drafted report called “Policing Bitcoin” which aims to standardize the practice of seizing bitcoin from criminals.UK Police Aim to Understand Bitcoin
Last week the ‘N8 Policing Research Partnership’ published a report that explains how they would like to see UK law enforcement handle bitcoin seizures. The report claims that criminals prefer to use cryptocurrencies in crimes like ransomware, dark web activities and more. The paper says bitcoin is the most favored cryptocurrency employed in illicit activities and N8 believes UK-based officers need to grasp this new technology.
“Cryptocurrencies have increasingly become a common method of value exchange in a number of types of criminal activity,” explains the four-page proposal. “This collaborative project has brought together a variety of experts from different disciplines and practices to explore the challenges posed by criminal use of cryptocurrency with regard to the investigation, production of conclusive evidence of wrongdoing, and prosecution of offenders.”
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