#Dutch authorities seized a total of 303 million euros in cash and cryptocurrency during 2020. The amount of crypto money #seized in 2020 increased almost 8 times compared to the previous year.
The Dutch Public Prosecution Service seized 44.9 million euros more than the previous year as a result of year-round investigations. In addition to 303 million euros, 184 million euros were seized as part of cooperation with other countries.
🔥8.2 million of them are from crypto
In the operations carried out in 2019, 1.1 million euros worth of cryptocurrencies were bought in total. It was announced that 8.2 million euros of the money seized last year consisted of cryptocurrencies.
Prosecutor Anita van Dis, who has been handling #money #laundering cases, said there has been a significant increase in "the abuse of crypto tokens ." The amount of cash confiscated increased from 61 million euros in 2019 to 103 million euros in 2020.
🔥Crypto coins are not kept in the wallet
Cryptocurrencies taken from criminals in the #Netherlands are converted into euros as soon as possible.
🔥Public Prosecution Service of crypto money adviser Reiner Bredenood, the #nltimes told "Some countries are keeping crypto money until a court decision is received. But we do not want to give the impression that we are speculating about criminal entities. " said.
Similarly, seized dollars or pounds are converted into euros.
In #Australia, officials have more than doubled their earnings last year by selling cryptocurrencies they had seized in the past