Bitcoin Daily: UK Police Seize Over $ 2 Million Crypto Scam

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British police seized more than $ 2.7 million in cryptocurrency after an investigation labeled “sophisticated cyber fraud,” Lincolnshire Police said in a press release.

Cyber ​​Crime Unit detectives have found links to crypto money laundering, which has led to the seizure of more than 48 bitcoins and other cryptocurrencies, the statement said.

The suspect, who was underage at the time of his arrest in August 2020, was arrested after an investigation into reports of credit card fraud and the theft of personal information to defraud an estimated 8,200 digital gift certificate company $.

In other news, Miami-Dade County in Florida approved a resolution to create a task force to determine whether the cryptocurrency could be used to pay taxes, according to a press release.

The Cryptocurrency Task Force will offer recommendations for various crypto policies, although its first primary focus will be on whether crypto could be used to pay taxes, fees, and services in the county.

The working group plans to meet with Cheyenne, Wyoming-based CryptoFed DAO, the country’s first legally recognized Decentralized Autonomous Organization (DAO), to discuss initiatives around digital currencies.

Meanwhile, FinTech chief Fred Brothers has deployed Cion Digital and the Cion Blockchain orchestration platform, which will help clients with digital assets, CryptoNinjas reported.

The Cion Blockchain orchestration platform helps with integration, optionality and technical debt prevention, by eliminating the friction associated with blockchain-based real-time payments and funding, according to the report.

The platform also offers out-of-the-box solutions as well as rapid integration into crypto exchanges and decentralized finance (DeFi) protocols, as well as aggregators bridging DeFi and traditional finance (TradFi), indicates the report.

Cion Digital CEO and Founder Snehal Fulzele said in the report that the idea behind the platform is to “create a simpler way for institutions to quickly and seamlessly connect to the complex and ever-changing world. evolution of decentralized finance “.

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NEW DATA PYMNTS: DIGITAL BANKING STUDY – THE BATTLE OF BREWING FOR WHERE WE WILL BANK

By the way: Forty-seven percent of U.S. consumers avoid digital-only banks due to data security concerns, despite considerable interest in these services. In Digital Banking: The Brewing Battle For Where We Will Bank, PYMNTS surveyed over 2,200 consumers to reveal how digital-only banks can boost privacy and security while providing convenient services to meet this unmet demand.

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