The UK bankruptcy service is responsible for returning assets to creditors in bankruptcy cases, which is First crypto intelligence expert appointed To help track cryptocurrencies, digital assets have become more common.
The bureau said former police investigator Andrew Small will hold the position in a government agency and will focus primarily on criminal cases.
Over the past five years, the number of cases that determine cryptocurrency as an asset can be recovered by liquidators has increased by 420%, reaching 59. Estimates involving cryptocurrencies have increased by 364 times over the same time frame to about 520,000 pounds ($700,000).
“Crypto is very recoverable assets and my responsibility will help the agency’s assets by providing expert knowledge about the relevant technologies available for encryption and purchases,” Small said in a statement.
The UK has been strengthening its crypto framework as digital assets become increasingly popular. Research by the Financial Behavior Authority show The number of residents holding cryptocurrencies rose to 7 million from 2.2 million in 2021. The country has been publishing Draft legislation For the crypto regime.
