The UK’s insolvency service, who is responsible for returning assets to creditors in bankruptcy cases, said, I was appointed the first coding intelligence specialist To help track encrypted currencies as digital assets become more prevalent.
The service said that former police investigator Andrew Small will take over the role of the government agency, and will focus primarily on criminal cases.
In the past five years, the number of cases that have been identified as an asset that can be recovered by the mobility has increased by 420 % to 59. The estimated value of the relevant encryption increased by 364 times to about 520,000 pounds ($ 700,000), in the same time frame.
“Chefir is one of the mainly recovered assets, and it will help the agency league by providing specialized knowledge of the types of available associations and the associated technology used to buy, sell and store them,” Small said in the statement.
The UK has strengthened the coding framework with the high popularity of digital assets. Research by the financial behavior authority Show The population with encryption rose to 7 million in 2024 from 2.2 million in 2021. The country was publishing Feeling legislation and consultations For the encryption system.
publish_date
