UK Grants New Powers to Seize Crypto Assets Under Economic Crime Act

UK law enforcement will soon have power to seize crypto assets without extensive legal process, under new Economic Crime and Corporate Transparency Act

Law provides way for UK authorities to seize crypto or fiat value from exchanges or crypto service providers

Crypto seizure provisions will come into force on April 26th

UK government pushing to make new regulations for stablecoins and crypto staking

Economic Secretary said government "pushing very hard" for necessary crypto regulations