↗ Police Officer Charity Coins and Alleged Cryptocurrency Heists Dominate COP Coin News

In a broad and diverse set of news from around the world, quite a few have revolved around police forces and their relationship with cryptocurrencies, particularly Bitcoin. A handful of stories have highlighted a rampant issue, with officers accused of stealing cryptocurrency. For example, a Mesa officer was involved in a controversial case tied to a challenge coin, while an Australian police officer faced court for allegedly stealing nearly 82 Bitcoins from a seized drug trafficker's wallet and a cop in India was arrested for his involvement in a Bitcoin scam.

High-value Bitcoin seizures also made the news, such as the German Police confiscating $2.1 billion in Bitcoin in an anti-piracy operation. These seizures are symptomatic of the rising Crypto ATM scams, such as an intercept by a police officer at Chase Bank. The Indian police have too named several officers in the arrest of those involved in the $300 million Korvio Coin 'crypto' scam.

There have also been notable instances of charity and commemoration related to coins. These include a Utah police officer creating a charity coin dedicated to Sgt. Bill Hooser and a commemorative NYPD coin marking a holiday event. Moreover, crypto tokens are making a clear mark; the $COPIUM token became deflationary by burning 300 million of its coins, creating a significant price surge.

Controversy still surrounds the police fraternity, with several officers being suspended for creating or distributing challenge coins with racist designs. Nonetheless, governments worldwide are taking notice of this, with the UK implementing a Crime Bill to freeze Crypto faster and allocate tainted assets to public funding, and the SEC requesting a substantial budget increase to regulate crypto's 'Wild West'.

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