The Size, Freeze and Recover Crypto Bill Passed By The Uk Government

The Election of UK prime minister Liz Truss who is about to pave the way for toughen crypto bill measures to see that business strive and old money are flushed away from the system, with the information that was passed through their economic crime commission that the bill passed will help them combat against financial terrorism and laundering related crimes.

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The bill will able to empower the commission to seize, freeze and recover crypto assets in a statement which was made;

“The use of this digital currency has significantly increased in recent years, with the Metropolitan Police reporting a big rise in cryptocurrency seizures last year. Strengthening powers in the Proceeds of Crime Act will modernize the legislation to ensure agencies can keep pace with the rapid technological change and prevent assets from funding further criminality.”

Even if the new elected prime minister is know to be a pro-crypto from her tweet which she made some couple of years ago;

“We should welcome cryptocurrencies in a way that doesn’t constrain their potential. Liberate free enterprise areas by removing regulations that restrict prosperity.”

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Didn't realise Truss was pro-crypto, but there is certainly a win for all of us, if she supports attention being placed in our digital spaces. Not too bad a thing for her to get the win at all.

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