May 2022 brings focus to the rise and fall in pricing of Crypto currency. It will have not gone unnoticed that there has been a 50 percent fall in the market, post Crypto’s November peak, which has resulted in vast sums being instantaneously wiped from financial portfolios of those who have chosen to invest and  purchase in what has transpired to be a volatile market. The drop in pricing has resulted in devastating financial impact for individuals, groups, investors and companies. Regulating and law enforcement agencies are now turning their focus to Crypto currencies; encouraging investigation and seizures of Crypto Currency nationally and internationally.

The Financial Conduct Authority announced monitoring the use of Crypto ATM machines and investigating those who operate the said machines without regulation.

Internationally, Law Enforcement is developing a clearer understanding of crypto currencies; how it can be deployed and how how it can be exploited by serious organised crime networks, fraudsters and those seeking to tax evade.

It is unclear at this stage as to how far the regulating and law enforcement agencies will cast their net, in this period of uncertainty for Crypto currency.

If you are the subject of any form of investigation relating to crypto currency and NFT’s it is imperative that you seek legal advice at the earliest possible opportunity. Intervention by an experienced legal team will ensure that the best outcome is achieved. Obtaining representation at the earliest stage can be the definitive factor which impacts the final outcome in any investigation and/or charging decision.

Garrick Law specialise in selecting an experienced team, including expert witnesses tailored to the client.