Law enforcement officers around the world are becoming increasingly involved in incidents related to cryptocurrencies – both in positive and negative contexts. Some noteworthy examples include a
Utah police officer creating a charity coin in honor of a colleague, a cop intercepting a $40K Bitcoin ATM scam, and a number of arrests associated with illicit activities in cryptocurrency. Such activities range from an Indian police officer stealing over $200K in Bitcoin tied to a scam to a German police operation seizing $2.1B worth of Bitcoin in a piracy sting.Furthermore,
challenge coins seemed to come under controversy in numerous instances, particularly in the US, with accusations of racist designs leading to officer suspensions. Elsewhere,
cryptocurrency scams continue to make headlines, with a recent $300M scam in India claiming 4 officers amongst its 8 arrested. New meme coins such as $COPIUM have also been making waves, with almost
300 million $COPIUM coins set to be burned in order to adopt a deflationary model. The rising incidence of these events indicates the extent to which cryptocurrency is permeating all sectors of society, including law enforcement.
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