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UK Seeks Enhanced Crypto Seizure Power

From blockworks.co

The UK government has introduced a bill that, among other things, will grant authorities additional powers to seize and recover crypto tied to suspected criminals. Its Economic Crime and Corporate Transparency Bill pushed through on Thursday seeks to amend several parts of the country’s Proceeds of Crime Act, while also bolstering anti-money laundering powers. The legislation also represents the largest shakeup to the UK’s registrar of companies, the Companies House, with new powers to check, challenge or decline incorrect or fraudulent company information. Designed to bolster laws aimed at curbing illicit proceeds, ... (full story)

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