Following the passage of the Economic Crime and Corporate Transparency Bill, the UK law enforcement authorities will now find it easier to confiscate the crypto assets of bad actors. The legislation takes effect in April. A recently issued statutory instrument documentation indicates that U.K. law enforcement agencies will gain the authority to freeze cryptocurrency assets involved in criminal activities without requiring a conviction. Issued on Feb. 29, the Bill summarized its amendments to the Economic Crime and Corporate Transparency Act 2023, expanding the National Crime Agency’s power to confiscate and…
UK bolsters crypto law enforcement efforts with new bill passage
