UK Eyes $7 Billion Bitcoin Windfall from Crime Seizures
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Britain could soon offload one of the largest Bitcoin hauls ever seized by law enforcement—a $7 billion stash linked to a Chinese investment scam.
The UK Home Office is working with police to liquidate the assets, which include at least 61,000 BTC recovered from the fraud.
The case made headlines in 2024 when a woman was imprisoned for laundering part of the stolen funds. While victims demand repayment, prosecutors are pushing to keep the Bitcoin, redirecting proceeds to the Treasury.
With the UK facing financial strain, Chancellor Rachel Reeves sees an opportunity. She has advocated for stronger crypto rules to foster innovation while safeguarding investors.
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