UK authorizes charges against NCA officer for alleged Bitcoin theft

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The story "UK authorizes charges against NCA officer for alleged Bitcoin theft" was covered 1 days ago by Coin Telegraph, a news publisher based in United States.

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Coin Telegraph 1d ago

UK authorizes charges against NCA officer for alleged Bitcoin theft - Coin Telegraph

Quick Summary:

In a March 14 notice, the Crown Prosecution Service said it had authorized the Merseyside Police to charge NCA officer Paul Chowles with 15 offenses related to the alleged Bitcoin (BTC) theft “during an investigation into online organized crime.” Authorities said Chowles could face one count of theft, 11 charges for concealing, disguising, or converting criminal property and three counts for acquiring, using or possessing criminal property.

Some of the crypto addresses targeted by UK authorities at the time “showed regular exposure to Garantex.” The founder of the Russian crypto exchange was arrested in India in March and is expected to be extradited to the US to face criminal charges. The UK government is expected to move forward on creating a comprehensive regulatory framework for digital assets in 2025 following the Labour government’s election victory.

Related: British man sues council for $647M over lost Bitcoin in landfillIn April 2024, amendments to the UK’s Economic Crime and Corporate Transparency Act authorized NCA officers and local police to seize crypto from suspected criminals without arresting them.