INSUBCONTINENT EXCLUSIVE:
The UK Insolvency Service has appointed its first crypto intelligence specialist to help recover crypto from bankruptcy and criminal
cases.Andrew Small, a former police investigator with a background in economic crime, will lead efforts to trace and reclaim crypto assets
crypto-related insolvency cases in the UK has risen by 420% over the last five years, while the estimated value of crypto assets identified
recoveredThe Insolvency Service is tasked with tracing and recovering money and assets from individuals or companies in insolvency cases, to
return as much of the funds owed to creditors as possible.Small said his role would entail providing specialist knowledge about the types of
cryptocurrencies available and the associated technology used to buy, sell and store them.The Insolvency Service said this could include
British pounds ($2,496).UK to require crypto firms to report every customer transactionThe increased efforts to claw back crypto from
bankruptcy cases come amid a broader push in the UK to more tightly regulate the crypto industry.UK crypto companies will need to collect
and report data from every customer trade and transfer beginning Jan
1, 2026, as part of a broader effort to improve crypto tax reporting, the UK revenue and customs department said last month.Everything from
