UK Law Enforcement Agencies will be Able to Freeze Crypto Assets
The UK authorities will soon have fewer restrictions on the confiscation of cryptocurrencies. Local law enforcement agencies will be able to freeze crypto assets that were used during the fraud.
The UK authorities will have fewer restrictions on the confiscation of cryptocurrencies. On April 26, 2024, a law will come into force in the country that expands the powers of the National Crime Agency to seize crypto assets that are associated with suspicious illegal activities.
According to the document, local law enforcement agencies will be able to freeze crypto assets related to criminal activity, without the need for a conviction.
In addition, the statement says that the authorities will be able to receive cryptocurrencies directly from exchanges and wallets, and, if necessary, destroy digital assets.
Recall that in February 2024, a member of the British Parliament, Bim Afolami, announced the possible adoption of a law on stablecoins in the next six months. According to him, the government is trying to speed up the procedure and has already agreed on the main points.
Source: https://incrypted.com/pravoohranitelnye-organy-velikobritanii-smogut-zamorazhivat-kriptoaktivy/
