Man arrested by gardai investigating fraudulent use of cryptocurrency accounts

A FILE is to be prepared for the Director of Public Prosecutions after a man was arrested by gardai investigating the fraudulant use of cryptocurrency accounts.

Gardai attached to the Garda National Cyber Crime Bureau (GNCCB) say they carried out an intelligence-led operation in the Duleek area of County Meath on Monday.

"Following the search of a residence, a man, aged in his 20s, was arrested regarding the use of cryptocurrency accounts contrary to the Criminal Justice (Money Laundering and Terrorist Financing) Act, 2010," said a spokesperson.

The man was subsequently taken to a garda station in County Meath, where he was detained under the provisions of Section 4 of the Criminal Justice Act, 1984.

He has since been released without charge and file will now be prepared for the Director of Public Prosecutions.

Investigations are ongoing.