"UK Enacts Powerful Crypto Seizure Law to Combat Illicit Activities"

1 min read
Source: CryptoSlate
"UK Enacts Powerful Crypto Seizure Law to Combat Illicit Activities"
Photo: CryptoSlate
TL;DR Summary

A new law in the UK grants authorities the power to seize cryptocurrencies without making any arrests, as part of efforts to combat money laundering and other illicit activities. The law allows the seizure of digital assets if there are reasonable grounds to suspect that they are involved in criminal activity, even if no one has been arrested or charged.

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