The UK government has introduced the Crime and Policing Bill, which strengthens measures for the confiscation of criminal proceeds obtained through cryptocurrency. It includes new procedures for evaluating cryptocurrency and expands the powers of the Crown Court to issue orders for the seizure and destruction of cryptocurrency assets. The bill also stipulates that in case of cryptocurrency destruction, its value will be assessed at the time of destruction, taking into account potential changes. This is aimed at effectively managing and recovering criminal assets.
2/27/2025 7:34:49 AM (GMT+1)
The UK introduces a bill for the seizure of cryptocurrency assets obtained through criminal means, expanding the powers of the Crown Court
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This material was prepared by Khachatur Davtyan, developed and translated by artificial intelligence.
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