{"id":38511,"date":"2025-03-15T17:00:40","date_gmt":"2025-03-15T14:00:40","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=38511"},"modified":"2025-03-15T16:45:24","modified_gmt":"2025-03-15T13:45:24","slug":"united-kingdom-grants-bitcoin-theft-charges-authorization-to-nca-officer","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/united-kingdom-grants-bitcoin-theft-charges-authorization-to-nca-officer\/","title":{"rendered":"United Kingdom Grants Bitcoin Theft Charges Authorization to NCA Officer"},"content":{"rendered":"<p>Authorities in the <a href=\"https:\/\/coinengineer.net\/blog\/10x-research-bitcoin-consolidation-for-another-8-months-very-likely\/\"><strong>United Kingdom<\/strong> <\/a>have alleged that a <strong data-start=\"139\" data-end=\"170\">National Crime Agency (NCA)<\/strong> officer stole <strong data-start=\"185\" data-end=\"199\">50 Bitcoin<\/strong> during an investigation in 2017.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/united-kingdom-grants-bitcoin-theft-charges-authorization-to-nca-officer\/#UK_NCA_Officer_Charged_with_Bitcoin_Theft\" title=\"UK NCA Officer Charged with Bitcoin Theft\">UK NCA Officer Charged with Bitcoin Theft<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/united-kingdom-grants-bitcoin-theft-charges-authorization-to-nca-officer\/#UK_Introduces_New_Regulations_to_Combat_Cryptocurrency-related_Criminal_Activity\" title=\"UK Introduces New Regulations to Combat Cryptocurrency-related Criminal Activity\">UK Introduces New Regulations to Combat Cryptocurrency-related Criminal Activity<\/a><\/li><\/ul><\/nav><\/div>\n<h2 data-start=\"0\" data-end=\"45\"><span class=\"ez-toc-section\" id=\"UK_NCA_Officer_Charged_with_Bitcoin_Theft\"><\/span>UK NCA Officer Charged with Bitcoin Theft<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p data-start=\"47\" data-end=\"271\">An agency responsible for criminal investigations in England and Wales has announced that a <strong data-start=\"139\" data-end=\"170\">National Crime Agency (NCA)<\/strong> officer will face charges for allegedly stealing approximately <strong data-start=\"234\" data-end=\"245\">$75,000<\/strong> worth of Bitcoin in 2017.<\/p>\n<p data-start=\"273\" data-end=\"732\">In a statement released on March 14, the <strong data-start=\"314\" data-end=\"343\">Crown Prosecution Service<\/strong> authorized <strong data-start=\"355\" data-end=\"376\">Merseyside Police<\/strong> to file 15 charges against NCA officer <strong data-start=\"416\" data-end=\"432\">Paul Chowles<\/strong> in connection with the Bitcoin theft during an investigation into <strong data-start=\"499\" data-end=\"525\">online organized crime<\/strong>. Authorities indicated that Chowles could face charges of <strong data-start=\"584\" data-end=\"593\">theft<\/strong>, <strong data-start=\"595\" data-end=\"620\">handling stolen goods<\/strong>, <strong data-start=\"622\" data-end=\"683\">concealing, converting, or transferring criminal property<\/strong>, and <strong data-start=\"689\" data-end=\"731\">possession or use of criminal property<\/strong>.<\/p>\n<p data-start=\"734\" data-end=\"969\">50 Bitcoin, valued at about $75,000 before the December 2017 bull market, is now worth over <strong data-start=\"826\" data-end=\"842\">$4.2 million<\/strong> at the current price of <strong data-start=\"867\" data-end=\"878\">$84,541<\/strong> per Bitcoin. The NCA officer is expected to appear in <strong data-start=\"933\" data-end=\"952\">Liverpool Court<\/strong> on <strong data-start=\"956\" data-end=\"968\">April 25<\/strong>.<\/p>\n<h2 data-start=\"971\" data-end=\"1055\"><span class=\"ez-toc-section\" id=\"UK_Introduces_New_Regulations_to_Combat_Cryptocurrency-related_Criminal_Activity\"><\/span>UK Introduces New Regulations to Combat Cryptocurrency-related Criminal Activity<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p data-start=\"1057\" data-end=\"1439\">In April 2024, changes to the <strong data-start=\"1087\" data-end=\"1141\">UK\u2019s Economic Crime and Corporate Transparency Act<\/strong> allowed <strong data-start=\"1150\" data-end=\"1166\">NCA officers<\/strong> and local police to seize <strong data-start=\"1193\" data-end=\"1213\">cryptocurrencies<\/strong> from individuals suspected of criminal activity without making an arrest. The <strong data-start=\"1292\" data-end=\"1321\">Crown Prosecution Service<\/strong> has not disclosed how Chowles allegedly stole the Bitcoin or whether the funds were linked to any illegal activities.<\/p>\n<p data-start=\"1441\" data-end=\"1968\">The <strong data-start=\"1445\" data-end=\"1455\">UK NCA<\/strong>, as part of a global anti-money laundering and organized crime campaign, announced in December 2024 that they had seized nearly <strong data-start=\"1584\" data-end=\"1599\">$26 million<\/strong> worth of <strong data-start=\"1609\" data-end=\"1638\">cash and cryptocurrencies<\/strong>, resulting in the arrest of <strong data-start=\"1667\" data-end=\"1685\">84 individuals<\/strong>. During this time, it was noted that certain crypto addresses targeted by the UK were <strong data-start=\"1772\" data-end=\"1806\">frequently exposed to Garantex<\/strong>, a Russian crypto exchange. The founder of Garantex was arrested in <strong data-start=\"1875\" data-end=\"1884\">India<\/strong> in March and is expected to be extradited to the <strong data-start=\"1934\" data-end=\"1951\">United States<\/strong> to face charges.<\/p>\n<p data-start=\"1970\" data-end=\"2281\" data-is-last-node=\"\" data-is-only-node=\"\">The <strong data-start=\"1974\" data-end=\"1991\">UK government<\/strong> is expected to begin developing a comprehensive regulatory framework for <strong data-start=\"2065\" data-end=\"2083\">digital assets<\/strong> following a <strong data-start=\"2096\" data-end=\"2104\">2025<\/strong> victory by the <strong data-start=\"2120\" data-end=\"2136\">Labour Party<\/strong>. The country remains a significant market for <strong data-start=\"2183\" data-end=\"2199\">crypto users<\/strong>, particularly after <strong data-start=\"2220\" data-end=\"2232\">Coinbase<\/strong> received approval from <strong data-start=\"2256\" data-end=\"2280\">financial regulators<\/strong>.<\/p>\n<hr \/>\n<p data-start=\"1970\" data-end=\"2281\" data-is-last-node=\"\" data-is-only-node=\"\"><em>You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our\u00a0<a href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"nofollow noopener\"><strong>Telegram,\u00a0<\/strong><\/a><a href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"nofollow noopener\"><strong>YouTube<\/strong><\/a>,\u00a0and\u00a0<a href=\"https:\/\/twitter.com\/coinengineers\" target=\"_blank\" rel=\"nofollow noopener\"><strong>Twitter<\/strong><\/a>\u00a0channels for the latest\u00a0<a title=\"News\" href=\"https:\/\/coinengineer.net\/blog\/news\/\" data-internallinksmanager029f6b8e52c=\"7\">news<\/a>\u00a0and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Authorities in the United Kingdom have alleged that a National Crime Agency (NCA) officer stole 50 Bitcoin during an investigation in 2017. UK NCA Officer Charged with Bitcoin Theft An agency responsible for criminal investigations in England and Wales has announced that a National Crime Agency (NCA) officer will face charges for allegedly stealing approximately<\/p>\n","protected":false},"author":29,"featured_media":38514,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[12988,12989,1851],"class_list":["post-38511","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","tag-national-crime-agency-nca","tag-stole-bitcoin","tag-united-kingdom"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>United Kingdom Grants Bitcoin Theft Charges Authorization to NCA Officer - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/united-kingdom-grants-bitcoin-theft-charges-authorization-to-nca-officer\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"United Kingdom Grants Bitcoin Theft Charges Authorization to NCA Officer - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"Authorities in the United Kingdom have alleged that a National Crime Agency (NCA) officer stole 50 Bitcoin during an investigation in 2017. 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