RIYADH: The US’s Internal Revenue Service revealed that $3.5 billion in cryptocurrency was seized during the fiscal year 2021.
This represents 93 percent of all funds seized by the Criminal Investigation unit during the same time period.
The agency also expects to seize billions of dollars in cryptocurrency next year, according to Bitcoin.com.
“I expect a trend of crypto seizures to continue as we move forward into fiscal year 2022. We are seeing crypto involved in a number of our crimes as we move forward,” IRS Criminal Investigation Chief Jim Lee said.
Matt Comyn, CEO of the Australian multinational Commonwealth Bank, spoke about the fear of missing out when it comes to…