The UK is reportedly looking to create greater mobility for itself in the fight against crypto-asset seizures and money laundering.
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According to an FT report, the UK may be seeking more power over the seizure of crypto assets. The report stated that the rules aimed at addressing the use of digital currencies to hide the source of black money will be determined under a new economic crime law.
The country has been working on the move for a while, but Russia’s invasion of Ukraine, which raised concerns about the flow of “black money” to Britain, may have accelerated these plans.
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