UK lawmakers have green-lit the Economic Crime and Corporate Transparency Bill, a new piece of legislation aimed at tackling a wide range of criminal activities, including drug trafficking, cybercrime, and terrorism. This bill will expand the arsenal of tools available to local law enforcement agencies, allowing them to seize and freeze illicit cryptocurrency assets without requiring a prior conviction. This is in line with the government’s commitment to rigorous regulation of cryptocurrencies as part of its economic crime strategy spanning from 2023 to 2026. #UKRegulation #CryptoCrime #CryptoAssets #CryptoTransparency
You can read more about this topic here: Decrypt: New UK Bill Strengthens Authorities Ability to Seize Illicit Crypto
