Lawmakers in the UK have approved a new bill that will make it easier to confiscate cryptocurrencies used for illegal purposes.
Contains comprehensive articles aimed at combating crimes such as drug trafficking and cybercrime Economic Crime and Corporate Transparency The bill is expected to come into force with the approval of the King.
Law enforcement in the UK, thanks to this bill not convicted They will be able to confiscate cryptocurrencies even if they are linked to criminal activities. This is especially requiring urgent intervention It is thought to be useful in certain situations.
Various changes have been made to the bill, which was brought to the agenda last September, since then. With these changes Articles aimed at combating terrorism was also included in the bill.
Thanks to one of the changes made, law enforcement assets related to cryptocurrencies that have been linked to criminal activities They can also confiscate it. These consist of assets that contain the information necessary to seize cryptocurrencies.
UK police received an extra £100 million budget from the government last year to combat illegal cryptocurrency activities.