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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