News center > 7*24H News > Featured > Context
UK to introduce new bill to expand its power to seize cryptocurrency
Editor
3 hours ago 8,150
Golden Finance reported that the British government has introduced a new bill that expands its power to seize and destroy cryptocurrencies related to criminal activities. Following the first reading of the Crime and Police Act in the House of Commons, the bill is currently under second reading and will soon enter the committee's deliberations phase. The new legislation aims to improve the ability of law enforcement to seize illegal crypto assets and return them to victims, while strengthening the country’s overall means of combating economic crime. A key provision of the bill gives the Crown Court the power to expand the processing of forfeiture orders involving cryptocurrencies.
Keywords: Bitcoin
Share to: