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The UK Bankruptcy Office appoints first crypto asset commissioner to recover digital assets such as Bitcoin

According to online reports, the British Bankruptcy Office appointed former police detective Andrew Small as the first full-time cryptographic intelligence expert to improve the ability to track and recover digital assets such as Bitcoin in bankruptcy and criminal cases. In the past five years, the number of bankruptcy cases involving crypto assets has increased by 420%, with the total value of assets involved soaring from approximately £ 1,400 in the 2019/20 fiscal year to more than £ 520,000 in the 2024/25 fiscal year. The new position will help the Bankruptcy Office more efficiently recover crypto assets held by debtors, thereby recovering more losses for creditors and the UK economy.

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