UK authorities will soon have fewer restrictions when seizing crypto

From April 26, THE UNITED KINGDOM economic crime legislation will include civil recovery orders For confiscate crypto assets.

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THE United Kingdom government recently released Statutory Instrument Documentation, declaring that UNITED KINGDOM law enforcement authorities will be able has freeze crypto assets used In crime without demanding A conviction Since THE END of April.

Published on FEBRUARY 29, THE document broad outlines THE amendments do has THE Economic Crime And Business Transparency Act 2023, which expands THE power of THE National Crime Agency has confiscate And to input crypto assets THE agency suspects are related has suspicious illicit activities, without need has go through extensive legal procedures.

THE Economic Crime And Business Transparency Act 2023. Source: UNITED KINGDOM Parliament