UK’s National Crime Agency Arms Against Crypto Crimes The agency is looking to hire a cryptocurrency expert for its cryptocurrency unit.
New technologies are primarily entry points for users hackers exploit loopholes and accomplish their malicious purposes. In 2022, the crypto industry witnessed hacker worth more than $3 billion.
Therefore, crypto assets, which are a relatively new asset class; they should be equipped with proper regulations and specialized units to fight crime in the sector.
Launched by the UK’s National Crime Agency “NCCU CryptoCell“, a specialized unit that deals with crimes related to cryptocurrencies.
UK Crypto Crimes
Annual Report of the United Kingdom’s National Crime Agency April 1, 2021 and March 31, 2022 confirms that hackers they are increasingly exploiting fintech and crypto assets to launder money to the detriment of the UK economy and institutions.
According to the report, the agency seized 26.89 million euros worth of cryptocurrency (about $32.4 million) by March 31, 2022.
United Kingdom is looking for an expert
The crypto industry needs expertise to track cash flows and behavior hackers. Because of this, the cyber branch may need better saturation with the knowledge necessary to understand the complexity of the crimes committed blockchain.
Therefore, the agency has opened a job for experts “specialized cryptocurrency experience” for your crypto mobile. The agency will provide the expert with a salary of 40,209-43,705 euros.
Crypto settlement steps
under the prime minister Rishi Sunak, the UK government seems committed to regulating cryptocurrencies based on recent developments. In April, the Prime Minister, who at that time held the position of Minister of Finance. on Twitter“We’re working to make the UK a global hub for crypto assets.”
The Edinburgh reforms announced in December stated that the government aims to:
“Create a secure regulatory environment for stablecoins that can be used for payments.” Not just regulating stablecoins, the government plans to regulate a “broader range of investment-related crypto-asset activities.”
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