The UK government is preparing to strengthen its hand in combating crimes committed through cryptocurrencies.
England started its work last year Economic Crime and Corporate Transparency ActIt is preparing to come into force shortly.
Under secondary legislation approved this week, on April 26thThe law, which has been decided to come into force, aims to protect the money used in terrorist financing, money laundering and illegal transactions. authority to seize cryptocurrencies will also increase.
This law, which will strengthen the government’s hand against crimes committed through cryptocurrencies, will under the law will lead to greater control and regulation.
The UK, which has increased its strict stance against the cryptocurrency industry in recent years, has faced the reaction of the industry. However, the government, stablecoin and cryptocurrency staking has recently begun to focus on the laws regarding its activities.
The Ministry of Finance announced last August that stablecoins Bank of England and Financial Conduct Authority (FCA) He suggested that it be jointly audited by the