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UK’s Economic Crime Bill: Seizing the Crypto Crime Wave

The UK’s new Economic Crime and Corporate Transparency Bill permits the immediate seizure of cryptocurrencies tied to crime, bypassing prior convictions. Designed to combat illicit activities, including terrorism financing, the legislation underscores the UK’s aim to balance blockchain innovation with security. Additionally, crypto advisers are being integrated into police units to bolster investigation expertise.

Source: Analytics Insights

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