The UK parliament has passed a bill that could help the authorities to seize and freeze cryptocurrencies that have been used for crime.
Cryptos Can Be Seized Under New Bill?
In a significant move to combat cryptocurrency-related crime, the UK House of Lords has passed a bill that empowers authorities to seize and freeze digital assets involved in illegal activities. The legislation aims to address the growing concern of cryptocurrencies being exploited by criminals for money laundering, fraud, and other illicit purposes. The bill, titled “Economic Crime and Corporate Transparency Bill,” received overwhelming support from the House of Lords on Tuesday.
Under the provisions of the bill, authorities will have the power to freeze and seize cryptocurrencies suspected to be linked to criminal enterprises. The bill had been previously amended to include terrorism cases. The legislation also mandates exchanges and custodian services to cooperate with law enforcement agencies, providing
We współpracy z: https://cryptodaily.co.uk/2023/07/new-uk-bill-could-seize-and-freeze-crypto
