BitDegree
2024-03-04 08:35:22

UK Enhances Crypto Crime Fighting with More Seizure Powers

Key Takeaways Starting April 26, UK law enforcement will have the authority to freeze crypto assets involved in crime without needing a conviction. The new powers allow for direct retrieval and, if necessary, destruction of crypto assets, aiming to enhance the fight against cryptocurrency-related crimes. Amidst regulatory updates, concerns about the UK's capability to address crypto crimes remain, even as the government plans to introduce further crypto regulations within six months.

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