New UK bill would increase law enforcement cryptocurrency powers

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New UK bill would increase law enforcement cryptocurrency powers
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New U.K. law allows financial authorities to “seize, freeze and recover” cryptocurrencies.

“seize, freeze and recover” cryptocurrencies.A new anti-money laundering bill introduced in the UK today is intended to make it easier for law enforcement to seize digital assets, as part of a broader crackdown on money laundering.

After the first reading of the new bill which took place today in the House of Commons, a second reading is anticipated for October 13, the next necessary step for the bill to become law.

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