UK launches new bill to expand cryptocurrency seizure powers

Odaily Planet Daily News: The UK government has proposed a new bill to expand its powers to seize and destroy cryptocurrencies related to criminal activities. The new legislation aims to enhance the ability of law enforcement agencies to confiscate illegal cryptocurrency assets and return them to victims, while strengthening the country's overall approach to combating economic crime. In addition to expanding seizure powers, the bill also includes provisions to simplify asset recovery procedures, allowing law enforcement agencies to recover stolen funds and return them to victims. The bill aims to ensure that those responsible for criminal acts involving digital assets do not retain the benefits of their illegal activities. （Decrypt ）