Reacting to the increasing attempts by bad actors to deceive cryptocurrency investors, the National Crime Agency (NCA) in the United Kingdom has announced plans to establish a specialized team dedicated to combating crypto-related crimes. The NCA recently posted a job opening, seeking to hire six individuals who will be responsible for creating this new team. The team will focus on investigating crypto crimes and will either fall under the National Cyber Crime Unit (NCCU) or the Digital Asset Team. The role of the team will involve supporting ongoing investigations, providing strategic and tactical advice, conducting blockchain forensic investigations, and analyzing relevant materials. The formation of this dedicated team reflects the NCA’s commitment to addressing the growing cyber threats in the crypto space. The NCA’s move aligns with the UK’s ambition to become a crypto hub and foster a regulated environment that supports the crypto ecosystem. The NCA’s recruitment efforts in the crypto field have been ongoing, with multiple notices issued in 2023 to hire crypto investigators at various levels. This development comes as London emerges as the world’s most crypto-ready city for business, according to recent research. Coinbase, a prominent crypto exchange, has also expressed its serious interest in the UK and Europe, particularly with the introduction of the Markets in Crypto Assets (MiCA) regulation. The company recognizes the UK as one of its fastest-growing user markets and believes that the region is preparing for a significant shift in how it embraces the digital economy.