The UK has passed a new law to enhance its freezing powers over cryptocurrency.

Kamal531

The UK Parliament has passed the "Economic Crime and Corporate Transparency Bill," granting law enforcement agencies the power to freeze cryptocurrency related to criminal activities without the need for a conviction. This legislation covers various criminal activities, ranging from money laundering to cybercrimes, and is expected to receive royal approval and become effective on Thursday. While the UK has expressed its desire to become a global cryptocurrency hub and has passed some legislation to legitimize cryptocurrencies, it is also taking steps to combat cryptocurrency-related crimes and fraud.

Ritu77

It seems that there is a push for increased regulation everywhere these days.

Iti9

The biggest fear for gamblers is having their bank accounts frozen.

Jatin255

Dealing with criminal issues is indeed very challenging.