Close Menu

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    Italian Man Tortured Over Bitcoin Password, Crypto Investor Arrested

    May 25, 2025

    Africa’s green future lies in industrial cities

    May 25, 2025

    Court mutes Telegram founder before Oslo Freedom Forum

    May 25, 2025
    Facebook X (Twitter) Instagram
    Cryptify Now
    • Home
    • Features
      • Typography
      • Contact
      • View All On Demos
    • Typography
    • Buy Now
    X (Twitter) Instagram YouTube LinkedIn
    Cryptify Now
    You are at:Home » Crypto-related crimes up 2,000% since 2019, Scottish police say
    Crypto

    Crypto-related crimes up 2,000% since 2019, Scottish police say

    James WilsonBy James WilsonApril 4, 2025No Comments2 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    Share
    Facebook Twitter LinkedIn Pinterest Email



    Police Scotland says serious and organized crime groups are increasingly turning to cryptocurrency, contributing to a 2,000% rise in related cases since 2019.

    Police Scotland says it has seen a roughly 2,000% increase in cryptocurrency-related criminality since 2019, as more serious and organised crime groups are “quick to adapt and utilise new methods to help obfuscate their activities.”

    While it’s unclear how many cases this figure refers to, authorities suggest crypto is playing a growing role in fraud and organised crime across Scotland. In an annual 2025 report, Police Scotland made it clear it doesn’t yet have a dedicated crypto team, but says “development of capabilities outside of cybercrime is progressing.”

    Officers have begun using two tracking and tracing tools, which reportedly bring them in line “with much of U.K. and leading international law enforcement.” The force is also part of the national Cryptocurrency Working Group, which looks at “approaches, training and development including designing a training pathway to include expert witness testimony,” the report reads.

    The remarks come after a legal precedent in Scotland, where prosecutors used proceeds of crime laws to turn stolen cryptocurrency into physical cash. The High Court in Edinburgh approved the conversion of 23.5 Bitcoin — linked to John Ross Rennie — into £109,601. Rennie was described as the “technical brains” behind a violent robbery in Lanarkshire, Scotland.

    Officials say a proposed Cyber and Fraud Command will allow for a “refresh of organisational approach and responsibilities in relation to cryptocurrency,” aiming to bring Scotland’s response closer to that of other U.K. jurisdictions with dedicated crypto teams.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous ArticleTom Emmer’s anti-CBDC bill clears US House Financial Services Committee
    Next Article AMP up 20% ahead of Bithumb listing but risks losing momentum
    James Wilson

    Related Posts

    Italian Man Tortured Over Bitcoin Password, Crypto Investor Arrested

    May 25, 2025

    Court mutes Telegram founder before Oslo Freedom Forum

    May 25, 2025

    Trump hosts memecoin dinner — ethics be damned; Polygon boss resigns; WLFI and Binance | Weekly Recap

    May 25, 2025
    Leave A Reply Cancel Reply

    Top Posts

    Remittix (RTX) hits $4m presale as XRP holders take notice

    February 4, 2025

    Here’s why OKB price spiked 20% today

    February 4, 2025

    iDEGEN price prediction: Is this the AI agent token to buy?

    February 4, 2025

    Gate.io to list CYBRO token on Dec 14 after $7M presale success

    February 4, 2025
    Don't Miss

    Italian Man Tortured Over Bitcoin Password, Crypto Investor Arrested

    By James WilsonMay 25, 2025

    Key Takeaways According to a criminal complaint, the man was tied up with electrical cords,…

    Africa’s green future lies in industrial cities

    May 25, 2025

    Court mutes Telegram founder before Oslo Freedom Forum

    May 25, 2025

    Africa’s green future lies in industrial cities

    May 25, 2025
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo

    Subscribe to Updates

    Get the latest creative news from SmartMag about art & design.

    Demo
    About Us
    About Us

    CryptifyNow: Your daily source for the latest insights, news, and analysis in the ever-evolving world of cryptocurrency.

    X (Twitter) Instagram YouTube LinkedIn
    Our Picks

    Italian Man Tortured Over Bitcoin Password, Crypto Investor Arrested

    May 25, 2025

    Africa’s green future lies in industrial cities

    May 25, 2025

    Court mutes Telegram founder before Oslo Freedom Forum

    May 25, 2025
    Lithosphere News Releases

    Colle AI’s iOS App Launch Brings Multichain NFT Creation to Mobile

    February 4, 2025

    AGII Transforms Web3 Infrastructure with AI-Optimized Smart Contracts

    February 4, 2025

    Colle AI (COLLE) Allocates $250M for AI Tool Development and Liquidity Growth on Solana

    February 4, 2025
    Copyright © 2025

    Type above and press Enter to search. Press Esc to cancel.