The United Kingdom government has released statutory instrument material that represents a major advancement in the field of cryptocurrency law enforcement. As per the provided material, authorities will have the right to freeze cryptocurrency assets linked to illicit activity as of April 26, 2024, even in the absence of an official conviction.
The announcement made public on Feb. 29, 2024, delineates the revisions introduced to the “Economic Crime and Corporate Transparency Act 2023.” These revisions extend authority to the UK’s crime agency, empowering it to confiscate and take cryptocurrency assets suspected of being involved in…
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