British intelligence agencies are investigating cryptocurrency transactions at Bitstamp according to a report by the NewScientist on February 25th, 2022.
According to the report, Bitstamp, Europe’s largest cryptocurrency exchange, says it has handed over information on some of its users to the UK’s intelligence agencies, MI5 and MI6. The UK's Security Service (MI5), is responsible for preventing terrorism and espionage domestically, while MI6 is tasked with the UK's foreign intelligence— it is unconfirmed if the investigation is into the use of bitcoin and other cryptocurrencies for serious organized crime and terrorism.
This is a developing story.
Amala is custom content and news editor based in London. She is a former financial journalist based in Singapore with 7 years of experience covering a range of business and financial topics. Now she focuses on crypto and macro-economics. She has also covered feature profiles, tech, business politics and ESG— she was the Environment Editor for the Solutions Newspaper, 2016 and worked in an editorial capacity at both News corp (Dow Jones) and JBN. She also has experience as a content creator, strategist and brand editor for various financial institutions and banks.