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The country's parliamentarians approved a new bill.
The UK Parliament has approved a new bill that will strengthen measures to combat crimes in the field of cryptocurrencies.
The draft law "On Countering Economic Violations and Corporate Integrity" regulates a wide range of crimes: from illegal drug distribution to cybercrime.
The provisions of the bill will provide law enforcement agencies with additional powers, including the ability to confiscate or block cryptocurrencies without the need for a court order in cases where there is reason to believe that they were purchased illegally. Experts believe that this approach will be especially effective in cases of special urgency.
Despite the UK's ambition to become a global leader in the field of cryptocurrencies, the country continues to actively fight against cryptocurrency scams and crimes. Law enforcement agencies have already seized hundreds of millions of pounds ' worth of crime-related cryptocurrencies, and hired cryptocurrency advisers in police departments across the country to assist with investigations.
The UK Parliament has approved a new bill that will strengthen measures to combat crimes in the field of cryptocurrencies.
The draft law "On Countering Economic Violations and Corporate Integrity" regulates a wide range of crimes: from illegal drug distribution to cybercrime.
The provisions of the bill will provide law enforcement agencies with additional powers, including the ability to confiscate or block cryptocurrencies without the need for a court order in cases where there is reason to believe that they were purchased illegally. Experts believe that this approach will be especially effective in cases of special urgency.
Despite the UK's ambition to become a global leader in the field of cryptocurrencies, the country continues to actively fight against cryptocurrency scams and crimes. Law enforcement agencies have already seized hundreds of millions of pounds ' worth of crime-related cryptocurrencies, and hired cryptocurrency advisers in police departments across the country to assist with investigations.
