Attention BITCOIN Lovers!

Hats off to British Police as The British Police has become the first to seize and exchange bitcoins discovered during a criminal investigation.

According to a report from the Financial Times yesterday, the Surrey police force obtained 295 bitcoins last October after arresting a Latvian man called Seregjs Teresko, who has since been convicted for money laundering and sentenced to nine years in prison.

The force further sold the assets for around $1.5 million following a court hearing at the time. Back then, the price of a bitcoin was around $5,000, but shot up to its all-time high of around $20,000 just two months later.

The news comes as a time when law enforcement agencies in the U.K. are beefing up their knowledge about cryptocurrency in an effort to better investigate crimes that involve the technology, as well as to more easily seize such assets.