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UK Soon Have More Power to Seize Crypto Assets

March 3, 2024
in Blockchain, Coins, News, Regulation
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/ freepik

/ freepik

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U.K. law enforcement agencies’ enhanced ability to seize cryptocurrency assets in crime cases, including terrorism, looks poised to take effect on April 26, after provisions in a 2023 law got closer to reality on Thursday.

The secondary legislation approved this week follows the passing of the Economic Crime and Corporate Transparency Act 2023, which gave law enforcement powers to seize and freeze crypto used for crime.

Tags: Law

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