UK authorises police to seize illicit crypto without arrests

UK police now have powers to seize, freeze or destroy criminal crypto holdings.
It follows new legislation that comes into effect today, April 26, 2024.
Reforms to help UK’s national security, said Home Secretary James Cleverly.Law enforcement officials in the United Kingdom can now seize, freeze or destroy crypto assets deemed to be illicit without having to first make any arrest.
This is after the UK government updated legislation around proceeds of crime and terror to authorise police