Europol: Will continue to increase investment to support member states in their efforts to investigate cross-border cryptocrime.

Europol has warned that crypto crime is becoming "increasingly sophisticated," putting immense pressure on national police resources. At the 9th Global Conference on Financial Crime and Crypto Assets, Burkhard Mühl, head of Europol's Economic Crime Centre, stated that the EU will continue to increase its investment to support member states in combating cross-border crypto crime investigations. Europol has already led several operations this year, including dismantling a Latvian money laundering network, seizing an underground bank that used crypto to transfer $23 million, and breaking up a $540 million crypto investment scam ring. (Decrypt)