UK Enacts New Law Expanding Police Authority to Seize Cryptocurrency

The United Kingdom has recently enacted a law that significantly strengthens the capabilities of law enforcement agencies to seize, freeze, and recover cryptocurrency assets. This legal framework introduces provisions that enable police to seize crypto assets with greater ease and convert them into fiat currency even before a forfeiture hearing takes place. The British government has emphasized that in exceptional cases, there will also be the authority to destroy confiscated cryptocurrency. KEEP READING