UK Law Enforcement Agencies Can Now Seize Crypto More Easily as New Rules Take Effect
New powers that will help law enforcement agencies seize crypto used for crime came into effect on Friday, the U.K Home Office said in a press release.
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New powers that will help law enforcement agencies seize crypto used for crime came into effect on Friday, the U.K Home Office said in a press release.
Members of the industry have complained that the regulator takes too long to approve crypto applications.
The DSS will last five years and could lead to a new regulatory regime for securities settlement.
Judge James Mellor found earlier this month that Wright was not, as he’d claimed, Bitcoin inventor Satoshi Nakomoto
“The use of memes in promotions is particularly prevalent in the crypto-asset sector,” the FCA’s guidance said.
The Technology Working Group’s report says firms need to be able to settle transfers on the blockchain via digital money and that funds should be allowed to hold tokenized assets.
The stock exchange will accept applications for trading bitcoin and ether crypto exchange traded notes from April 8.
The U.K. started a consultation on its money laundering rules on Monday.
Products would be available to professional investors while retail consumers remain banned, the regulator said.
A crime bill passed last year gave law enforcement agencies more power to seize and freeze crypto.