UK Parliament Approval of Law Containing Cryptocurrency Seizure

The bill, which will provide important measures and powers for the use of crypto money related to crime in the UK, has received critical approval and is one step closer to enactment.

The UK has passed another important stage in the fight against crimes committed via cryptocurrencies. In this context, the upper house of the UK’s bicameral parliament, House of LordsEconomic Crime and Corporate Transparency Bill Confirmed.

Firstly September of 2022 The House of Commons, the other wing of the United Kingdom, must also be involved in the enactment of the bill submitted in May. pass approval and finally king by signing will need.

In the final version of the bill, to the authorities, to detect criminal-related cryptocurrencies And to seize these assets. empowered to assist. Moreover courts from authorities to cryptocurrencies used or thought to be used for crime demand for confiscation can.

The said arrangements had been made in the previous phase of the bill and the House of Lords had not taken any action against the last traitor of the bill. without adding or subtracting Confirmed.

Britain, which started to take a detailed approach to the use of crypto money for criminal purposes last March, to police departments across the country Provide technical and tactical support consultants had appointed.

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