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UK House of Lords passes bill to seize stolen crypto

Published 09/19/2023, 05:09 AM
Updated 09/19/2023, 06:40 AM

A bill that aims to expand the ability of authorities in the United Kindom to target illicit cryptocurrency usage has been pushed to the final stages for approval by the House of Lords.

The Economic Crime and Corporate Transparency Bill was introduced in September 2022 and primarily aims to tackle crypto-related financial crimes. Over the past year, the bill went from the House of Commons to the House of Lords and is now in the final stages of approval.

The Economic Crime and Corporate Transparency Bill progress. Source: bills.parliament.uk

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