Britain will introduce new bill to expand seizure powers over cryptocurrencies
Online reports that the British government has proposed a new bill that would expand its powers to seize and destroy cryptocurrencies linked to criminal activities. Following the first reading of the Crime and Policing Bill in the House of Commons, the bill is currently undergoing a second reading and will soon enter the committee stage. The new legislation aims to improve law enforcement's ability to seize illegal crypto assets and return them to victims, while strengthening the country's overall approach to combating economic crime. A key provision of the bill gives the Royal Court the power to expand its handling of forfeiture orders involving cryptocurrencies.
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