UK Police Officer Charged with Stealing 50 Bitcoin

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📈 Preview On Today’s News:

1. - UK Police Officer Charged with Stealing 50 Bitcoin

2. - US Congress Pushes Bill to Make Strategic Bitcoin Reserve Permanent 

3. - Crypto.com Secures UAE License for Derivatives Trading 

Keep reading below for more!

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Today’s News:

1)

UK Police Officer Charged with Stealing 50 Bitcoin

Paul Chowles, a 42-year-old National Crime Agency (NCA) officer, has been charged with the theft of 50 Bitcoin during a 2017 investigation into online organized crime. The UK’s Crown Prosecution Service (CPS) has authorized 15 charges against Chowles, including multiple counts of concealing, disguising, or converting criminal property, as well as theft. The stolen Bitcoin, originally worth approximately $77,400, has since surged in value to over $4.2 million. Chowles is set to appear in Liverpool Magistrates’ Court on April 25. Meanwhile, the UK government has strengthened laws to seize, freeze, and destroy crypto assets tied to criminal activity, reinforcing its stance against crypto-related crimes.

• Paul Chowles, an NCA officer, has been charged with 15 offenses, including theft and money laundering, for allegedly stealing 50 Bitcoin during a 2017 investigation.

• With Bitcoin’s value now exceeding $4.2 million, the case highlights the UK’s expanding regulatory measures to combat crypto-related crimes.

2)

US Congress Pushes Bill to Make Strategic Bitcoin Reserve Permanent 

A new legislative proposal in Congress seeks to establish the US Strategic Bitcoin Reserve as a permanent financial asset, ensuring that future administrations cannot dismantle it through executive orders. Introduced by Representative Byron Donalds, the bill also aims to solidify the US Digital Asset Stockpile, requiring approval from both the Senate and the House of Representatives. With 23 states already supporting Bitcoin reserve initiatives, this move signals increasing government interest in integrating digital assets into financial policy. However, challenges remain in securing funding without taxpayer costs and establishing proper custody mechanisms for government-held Bitcoin.

• Congress is pushing to make the US Strategic Bitcoin Reserve permanent, preventing future administrations from altering its status.

• The bill faces hurdles in securing funds without taxpayer expense and ensuring safe custody of Bitcoin, but it reflects growing state and federal support for cryptocurrency integration.

3)

Crypto.com Secures UAE License for Derivatives Trading 

Crypto.com has obtained a limited license from Dubai’s Virtual Asset Regulatory Authority (VARA) to offer derivatives in the UAE, building on its previous VASP license. The new approval allows the platform to provide futures, perpetual swaps, and CFDs initially to institutions and later to qualified investors. Additionally, Crypto.com has partnered with Tawasal AI Khaleej to integrate its services into the Tawasal Superapp, expanding its regional presence. The firm reaffirms its long-term commitment to the UAE, having established a regional hub in Dubai and continuously supporting the country’s crypto regulatory developments.

• Crypto.com received regulatory approval in Dubai to offer derivatives like futures and perpetual swaps, initially for institutions and later for qualified investors.

• The exchange partnered with Tawasal AI Khaleej to expand its market presence by integrating its services into the Tawasal Superapp, reinforcing its commitment to the UAE market.

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