UK Bill for Seizing Illicit Crypto Passes
Adekunle Joshua
In the UK, a new law enabling law enforcement agencies to seize and freeze criminal crypto has officially come into effect
This bill extends its reach to cover terrorism, equipping authorities with more tools to combat crypto-related crime
While aspiring to become a global crypto hub, the UK is also intensifying its crackdown on crypto-related offenses
The country's law enforcement agencies have already confiscated millions in crypto linked to criminal activities
For a significant period, the UK has been proactively implementing measures to strike a balance between crypto innovation and security.