The UK’s National Criminal Agency (NCA) will create a National Cyber Crime Unit (NCCU) crypto cell to aggressively investigate cryptocurrency crime.
National Cyber Crime Unit Crypto Cell “indicates increased emphasis” on crypto asset enforcement. After making a statement that they were recruiting, the NCA confirmed that five NCCU officers would form the inaugural squad.
NCA opens tender for Crypto Police
according to recent work EntryThe government agency will assist with ongoing and future investigations that require cryptocurrency expertise and will “proactively lead” in identifying potential targets for further questioning.
According to a spokesperson, the NCA’s interest in crypto crime is “not a new phenomenon,” but this new team “indicates an intensified emphasis” on crypto assets. The spokesperson added that due to their prominence in cybercrime, the NCA frequently investigates crypto assets.
Successful applicants with blockchain forensics investigation experience have until January 10 to apply for the new position. If hired, candidates can expect a salary of $48,200-52,400.
UK Watchdog Keeps Eye on Crypto
The UK is strengthening its public sector to prevent the use of cryptocurrency for criminal conduct.
The Economic Offenses and Corporate Transparency Bill, introduced in September, expanded police powers over cryptocurrencies to “crack down on kleptocrats, organized criminals and terrorists exploiting Britain’s free economy”.
According to its annual report, the NCA seized almost £27 million ($33 million) in crypto assets in 2021-22, up from zero in 2020-21. The UK government talked about the adoption in the Queen’s address given by Prince Charles on 10 May cryptocurrency This will be one of the targets for the next parliamentary year.
Prince Charles outlined the UK government’s efforts to support the secure use of cryptocurrencies and the development of tools to more quickly and efficiently seize and retrieve crypto assets.
The government’s key goals were helping the NHS reduce the COVID-19 backlog, safer roads and economic growth.
To spur the development of a number of industries, Prince Charles identified a total of 22 measures that would be presented. UK government, whose regulators recently banned Crypto.com NFTs drive economic growth by reducing the cost of living and providing access to high-paying, high-skill employment for more people.
UK’s Crypto Adoption Bill
The UK previously introduced legislation related to the adoption and regulation of cryptocurrencies. Firstly, the Financial Services and Markets Bill intends to preserve and strengthen the UK’s reputation as a global financial services leader and to take advantage of Brexit.
Additionally, the bill intends to take advantage of new technological possibilities in financial services, including promoting secure cryptocurrency use and flexibility in outsourcing to tech companies.
The UK appears to be the watchdog most interested in crypto, as several other watchdogs rekindle interest in the blockchain ecosystem amid the collapse of FTX.
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