$BTC UK allocates $676 million to combat money laundering — crypto listed among threats
The Home Office calls crypto, fintech, and AI key drivers of growth in financial crime. According to the National Crime Agency (NCA), the damage from money laundering in the country reaches £100 billion per year.
In response, the government is directing $676 million and plans to hire 500 new officers to strengthen oversight. For the crypto industry, this is a signal: regulatory pressure in the UK will increase.
Source
Trade on Binance
The Home Office calls crypto, fintech, and AI key drivers of growth in financial crime. According to the National Crime Agency (NCA), the damage from money laundering in the country reaches £100 billion per year.
In response, the government is directing $676 million and plans to hire 500 new officers to strengthen oversight. For the crypto industry, this is a signal: regulatory pressure in the UK will increase.
Source
Trade on Binance