Seized Bitcoins (14336_17)

Request

Can you tell me please how many Bitcoins your force has seized under the Proceeds of Crime act Since 2010, broken down year by year?

Can you also tell me please what has happened to those Bitcoins.

If your force sold them, please tell me how much for and when.

If your force still holds them, please confirm this.

Response

I am writing to inform you that we have searched our records and the information you requested is not held by West Midlands Police.

In relation to your request, Bitcoin is a virtual currency and currently, there are no powers to seize it under the Proceeds of Crime Act as Bitcoin does not currently fall into the definition of cash (for the purposes of seizure under the legislation).

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