UK gov't introduces bill aimed at empowering authorities' to 'seize, freeze a...

UK gov't introduces bill aimed at empowering authorities' to 'seize, freeze a...

King Charles announced the bill in May to both houses of the U.K. Parliament, saying it was aimed at tackling illicit finance, reducing economic crime and helping businesses grow. The government of the United Kingdom has introduced a bill aimed at cracking down on money laundering and fraud, specifically by expanding the authorities’ ability to target cryptocurrencies used for illicit purposes.In a Thursday announcement, the U.K. government said lawmakers had introduced the Economic Crime and Corporate Transparency Bill in Parliament as part of efforts to drive “dirty money” out of the....


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UK Introduced The ‘Seize, Freeze and Recover’ Crypto Bill

The government of the United Kingdom introduced the “Seize, Freeze, and Recover” crypto asset bill into Parliament. This new bill provides law enforcement agencies with more power to seize, freeze, and recover crypto assets. The bill specifically targets those who are engaged in criminal activities such as money laundering, drugs, and cybercrime, along with crypto, […]

UK Proposes New Law to ‘Seize, Freeze and Recover’ Crypto Assets Easier and F...

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.” UK’s New Bill to Help Authorities Seize, Freeze, and Recover Crypto The British government introduced the Economic Crime and Corporate Transparency Bill in....

Dutch Authorities Seize Cryptocurrency Worth Over 25 Million Euros

Dutch authorities have seized more than 25 million euros in cryptocurrencies, including bitcoin and ether, from dozens of suspects in criminal cases. “Cryptocurrencies are widely used as a means of payment for various types of crime,” said the Netherlands’ Public Prosecution Service. Authorities in the Netherlands Seize More Than 25 Million Euros in Cryptocurrencies, Including Bitcoin and Ether The Netherlands’ Public Prosecution Service announced last week that it has seized more than 25 million euros ($28.6 million) in cryptocurrencies in recent months in....

New Australian ransomware plan allows for seizure of crypto

Australian authorities will be able to seize or freeze cryptocurrencies linked to cybercrime under new legislation. Australian lawmakers are taking a tougher stance against ransomware with a new plan that increases penalties for offenders.The new measures and proposed Surveillance Legislation Amendment announced by the federal government on Oct. 13 come after a 60% surge in cyberattacks on Australian businesses and state agencies last year. According to reports, these incursions cost the economy $AU1.4 billion (around $US1 billion).The Ransomware Action Plan would give authorities the....

Victorian police to get 'greater power' to seize crypto assets from criminals

The new bill will also compel cryptocurrency exchanges to hand over information that could assist police in criminal investigations. Victorian Police in Australia will soon be granted new powers to seize cryptocurrency and digital assets from criminals, as well as compel platforms to hand over information about suspects.According to a statement released by Victorian premier Daniel Andrews on Aug. 2, new laws were introduced to parliament on Tuesday under the Major Crime and Community Safety Legislation Amendment Bill 2022, with the aim of cracking down on organized crime in the state.The....