UK: Cops Had Sell Seized Bitcoin Ahead Of Bull Run

Billy Bambrough

A UK police force has become the country’s first to seize and convert bitcoin to pounds as part of a criminal probe, netting £1.25 million ($1.6 million) — though officers were not allowed to decide when they sold it, somewhat missing last year’s massive bull run. The police force seized 295 bitcoin in April last year from a now-convicted Latvian money-launderer that at the time was worth around  £900,000.

image via Shutterstock

Read More

Follow us on: