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Athens Times


UK: Police seize record $ 408 million worth of cryptocurrencies

Organized crime gangs turned to cryptocurrencies to launder illicit proceeds

British police have seized a record amount of cryptocurrencies totaling 294 million ($ 408 million) in a money-laundering investigation.

As cryptocurrencies are largely anonymous and easy to use, some of the larger organized crime groups are turning to them as a means of laundering money and staying one step ahead of the police, tax authorities, and security forces.

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