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London police seized $ 408 million in cryptocurrency

British police seized a cryptocurrency for a record 294 million British pounds (408 million dollars) in an investigation into money laundering, Reuters reported.

Detective Joe Ryan was quoted as saying by Reuters that the seizure of the huge sum was an important step in this investigation, which would continue for months as police entered the heart of the money laundering operation.

Police in London said today that they had seized a cryptocurrency worth 180 million pounds after confiscating a cryptocurrency worth 114 million pounds on June 24. The crime department at the Museum of Art in London received a report of suspicious money transfers before the operation began. A 39-year-old woman was arrested on suspicion of money laundering after the first amount of cryptocurrency was seized.

London Police Deputy Commissioner Graham McNulty said there was a growing tendency for criminals to use cryptocurrency to “clean up dirty gold”, as he put it.

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