The United Kingdom Crown Persecution Service (CPS) has deposited accusations against an agent responsible for the application of laws for having allegedly stolen 50 Bitcoin (BTC) in 2017. This development intervenes in the midst of the continuous efforts of the British government to deliver a cryptographic legislative framework.
The national officer of the crime agency risks a prison sentence more than £ 60,000 Bitcoin Vol Bitcoin
In a recent postThe head of the CPS special crimes division, Malcolm Mchaffe, announced an indictment against the officer of the National Crime Agency (NCA), Paul Chowles for the alleged flight of cryptographic assets worth £ 60,000 ($ 75,000).
Chowles, a 42 -year -old man from Bristol, is accused by Merseyside police of diverting 50 bitcoin in an active survey on online crime in 2017. After sporadic BTC market growth in recent years, the declared loot of 50 BTC is now evaluated at 3.2 million pounds Sterling ($ 4.2 million).
According to a press release from Mchaffia, the defendant now faces 15 crime leaders relating to this offense and should appear to The Liverpool Court of First Instance on April 25, 2025.
The CPS division chief said:
Mr.chowles, 42, should be charged with 11 concealation, disguise or conversion offenses of criminal goods, three acquisition, use or possession of converts of criminal goods and a single flight count. The crown prosecution service reminds all concerns that criminal procedures against this defendant are now active and that it has the right to a fair trial. It is extremely important that there is no reporting, comments or online information sharing which could in any way prejudice these procedures.
According to British regulations, each silver laundering chief, that is to say in concealment, disguising or converting criminal goods could lead to a maximum sentence of 14 years in prison. Likewise, only one accusation of acquisition, use or possession of criminal goods also includes a potential 14 -year sentence. However, a conviction for theft leads to a maximum sentence of seven years.
Consequently, if they are found guilty of the accusations presented, Chowles could theoretically study more than 200 years in prison. Although this is not improbable, because typical judicial decisions generally promote condemnation.
United Kingdom to start consultation on Stablecoins
In other news, the UK Financial Conduct Authority (FCA) should publish consultation documents on Stablecoin regulations before the first quarter of 2025 in accordance with its Crypto political roadmap Released in 2024. This initiative consists in obtaining valuable information on the concepts of Stablecoin such as the redemption and support of assets as the Treasury HM moves to introduce new regulated activities for fixed digital assets.
In the midst of this exercise, the FCA will also publish discussion articles on key concepts, including loans, trading platforms and excitations while the United Kingdom continues to formulate its cryptographic regulatory framework which is planned for implementation in 2026.
At the time of writing this document, Bitcoin was negotiated at $ 84,391 after a gain of 4.30% during the last day.
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