UK empowers NCA and police to seize, freeze, and destroy cryptoassets used by criminals.
The UK has activated new powers for the National Crime Agency and police to seize, freeze, and destroy cryptoassets used by criminals. These changes allow police to act without making arrests first, making it easier to recover illicit cryptoassets from drug dealers, fraudsters, and terrorists. The government updated proceeds of crime and terror legislation to enhance law enforcement's ability to investigate and seize cryptocurrency linked to criminal activities.
April 26, 2024
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