Money laundering seizure
According to an announcement issued by the Public Prosecutor’s Office on November 8, in a separate money laundering investigation, Dutch law enforcement agencies have seized 25 million euros (approximately 29 million U.S. dollars) worth of cryptocurrency in the past few months. According to investigators, the arrested persons involved were Dutch nationals and foreigners. Unlike other countries, the Dutch authorities immediately sold the seized cryptocurrency. Reiner Bredenood, policy adviser at the Public Prosecutor’s Office, explained that this is to ensure that there are no allegations of price speculation. The amount of cryptocurrency confiscated in the Netherlands has grown exponentially year by year. Among the assets confiscated by the authorities of 303 million euros (351 million U.S. dollars) in 2020, cryptocurrencies (9.9 million U.S. dollars) accounted for only a small part of the total amount. In 2019, the amount of cryptocurrency confiscated was only 1.1 million euros ($1.28 million).
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