July 4 (Cointime) - The Economic Crime and Corporate Transparency Bill in the UK has been passed by the House of Lords, bringing it closer to becoming law. The bill will allow law enforcement agencies to seize and freeze cryptocurrency used for criminal activities.
Amendments were made to the bill to ensure that measures extended to terrorism cases and to help authorities seize property that can identify crypto linked to crime.
The bill will now return to the House of Commons for final stages before being signed into law by the king. The UK government has introduced crypto tactical advisers to help identify and seize digital assets tied to crime.
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