The London police in the UK are collaborating with law firms to launch a program for recovering encrypted assets, mainly targeting cases that cannot be criminally prosecuted

The London police have established a partnership with law firm Gowling WLG to launch a civil asset recovery program. The program mainly targets cases that cannot be criminally prosecuted, providing victims of cryptocurrency fraud and other crimes the opportunity to recover their assets. Previously, British police successfully recovered stolen cryptocurrency worth 520,000 pounds (approximately $671,000) for an 80-year-old in a pilot project. This recovery action benefited from updates to the Proceeds of Crime Act 2002, which gave the police power to freeze stolen digital assets. Gowling director Bríd Holden stated that they hope this cooperation will increase victims' willingness to report crimes. The cooperative plan will coordinate recovery efforts between the police and victims and their legal representatives in order to combat organized crime groups.