UK Crime Bill Lets Cops Freeze Crypto Faster, to Public Funding

The U.K. is making it easier for cops to chase down crypto linked to crime with a new bill set.

The Economic Crime and Corporate Transparency Bill is set to be enacted later this year.

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The bill could help block the movement of targeted assets faster by scrapping some legal hurdles.

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Including requiring an arrest or conviction before cops can seize tainted crypto in criminal cases.

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Although local authorities have already seized hundreds of millions worth of crypto linked to crime.

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In time-sensitive criminal investigations, a quick freeze order could be a game-changer.

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A new bill enabling law enforcement to recover crypto assets in this way will be a powerful tool.

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It is anticipated we will see a substantial increase in digital assets being recovered.

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