The United Kingdom appoints a crypto specialist who will help the government trace the growing number of digital assets held by individuals in bankruptcy and in criminal cases.

The UK's Insolvency Service has appointed Andrew Small, a former police investigator, as the first specialist dedicated to crypto intelligence.

He will be responsible for the localization and identification of digital assets in bankruptcy and criminal cases.

The number of insolvencies where crypto is identified as an asset has increased by 420% in five years.

Over £500,000 in crypto assets were identified in insolvency filings last year, which is 364 times more than in 2019/20.