Browsing:Laws

A number of policies in the UK have enhanced the capacity of law enforcement to tackle cryptocurrency-related offenses.
3 weeks ago 1 min read

The UK law now lets police seize and destroy illegal crypto without prior arrests

A number of policies in the UK have enhanced the capacity of law enforcement to tackle cryptocurrency-related offenses. In the absence of arrests, these regulations permit the confiscation, immobilization, and annihilation of unlawfully acquired cryptocurrencies. This project aims to address the increasing utilization of digital currency by organized crime groups for money laundering. Organized crime is progressively utilizing digital currencies for money laundering. In 2021, the NCA documented a £1.2 billion surge in illicit transactions. This concerning pattern necessitates more stringent controls. New legislation permits authorities to confiscate bitcoins without making any arrests. The crime bill enacted last year eased