UK Introduces Crime Bill That Extends Powers for Courts When Retrieving Crypto

The Crime and Policing Bill has measures connected however to worth crypto and retrieve it from criminals.

Feb 26, 2025, 5:13 p.m. UTC

What to know:

The U.K. authorities introduced a new transgression measure connected Tuesday that, if passed, aims to assistance instrumentality enforcement agencies retrieve wealth from crypto criminals.

The Home Office's Crime and Policing Bill introduces measures that acceptable retired however to worth destructed crypto spot - successful the lawsuit instrumentality enforcement agencies required it to beryllium destroyed if it cant beryllium sold - plus, conditions for however courts tin retrieve funds and extends the country's Crown Court powers successful regards to confiscation orders.

"This measure volition fortify the quality of the transgression justness strategy to prosecute those who person benefited from transgression activity," a corresponding factsheet said.

This measure builds disconnected the Economic Crime and Corporate Transparency Act which was enforced successful 2023 and enabled cops to freeze and prehend crypto faster.

Read more: UK Crime Bill Lets Cops Freeze Crypto Faster, Channels Tainted Assets to Public Funding

Camomile Shumba

Camomile Shumba is simply a CoinDesk regulatory newsman based successful the UK. Previously, Shumba interned astatine Business Insider and Bloomberg. Camomile has featured successful Harpers Bazaar, Red, the BBC, Black Ballad, Journalism.co.uk, Cryptopolitan.com and South West Londoner. Shumba studied politics, doctrine and economics arsenic a combined grade astatine the University of East Anglia earlier doing a postgraduate grade successful multimedia journalism. While she did her undergraduate grade she had an award-winning vigor amusement connected making a difference. She does not presently clasp worth successful immoderate integer currencies oregon projects.