Home Office publishes new powers to seize crypto-assets used by criminals go live

The government has updated proceeds of crime and terror legislation, making it easier for UK law enforcement to effectively investigate, seize and recover illicit cryptoassets. These changes include police will no longer be required to make an arrest before seizing crypto from a suspect – this will make it easier to take assets which are known to have been criminally obtained, even if sophisticated criminals are able to protect their anonymity or are based overseas items that could be used to give information to help an investigation, such as written passwords or memory sticks, can be seize…