Today news
About the same in other media
UK Lawmakers Roll Out Legislation to Seize Cryptocurrencies Used for Illegal Purposes
Reading now: 170
The UK Parliament has passed a bill that allows law enforcement authorities to seize cryptocurrencies associated with illicit activities.
This includes investment scams, hacks, terrorism financing, money laundering, and drug trafficking.
Per an official announcement on its website, the new bill, dubbed the ‘Economic Crime and Corporate Transparency Act,’ will expand the authority of local law enforcement to clamp down and recover digital assets linked to cybercrimes.
Today the Economic Crime Act became law.
This is landmark legislation that should significantly strengthen Britain’s defences against fraud and money laundering, clamping down on those who abuse our economy for their own private gain.
Read more on cryptonews.comAbout this in other media
Ripple, Onafriq partner for new payment corridors for Africa, UK, Australia and Gulf cointelegraph.com /1 year ago
YouTube is testing experimental AI that chats with you about what you’re watching cointelegraph.com /1 year ago
UK rule makers set out roadmap for regulating stablecoins finextra.com /1 year ago
Show more
The website finance-news.co is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
