UK Law Enforcement Will Soon Have More Power to Seize Crypto Assets
Summary
UK law enforcement agencies will gain enhanced powers to seize cryptocurrency assets in crime cases, including terrorism, from April 26. This follows the approval of secondary legislation related to the Economic Crime and Corporate Transparency Act 2023. The provisions of the act include a civil recovery regime for crypto and crypto asset confiscation orders. These orders allow authorities to seize crypto-related items, defined as property that contains or gives access to information likely to assist in the seizure of any crypto asset.
