UK Expands Powers to Seize Crypto in Crime Fight, No Conviction Needed

A recent statutory instrument documentation signals a significant shift in the powers of UK law enforcement agencies concerning cryptocurrency assets associated with criminal activities. According to the document issued on Feb. 29, amendments to the Economic Crime and Corporate Transparency Act 2023 will grant the National Crime Agency expanded authority to freeze and seize crypto assets suspected of ties to illegal conduct, even without obtaining a conviction. Enhanced Authority for Confiscation Effective from Apr. 26, the UKs economic crime legislation will introduce civil recovery...


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