- The British government has presented the Economic Crime and Corporate Transparency Bill to Parliament that will “make it easier and quicker” for law enforcement agencies “to seize, freeze and recover crypto assets”.
- The government stressed: “We must ensure that law enforcement agencies have the right legislative framework in place to recover criminals’ crypto assets”.
- Moreover, the bill includes amendments to the Proceeds of Crime Act 2002 (POCA) to support the recovery of crypto assets.
UK Proposes New Law to ‘Seize, Freeze and Recover’ Crypto Assets Easier and Faster
