Surrey Police has officially become the first UK police force to effectively seize and convert bitcoin. However, due to active legislation, the police sold the cryptocurrency just before its all-time-high.
Last year in April, Surrey Police seized 295 bitcoins held by now-convicted criminal Seregjs Teresko. The wrongdoer is serving more than nine years of jail time on charges of money laundering, possession and control of articles for use in fraud, and for the cultivation of cannabis.
The police reportedly found a digital key to access the criminal’s bitcoin at his property located in Cobham. Apart from that, the officers also found other expensive items like gold bars, credit cards, and cash in Thai baht, euros, and sterling.