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UK Set to Strengthen Crypto Crime Crackdown with New Bill – DeFiance Daily – 9.20.23

The United Kingdom is poised to enhance its efforts in combating crypto-related crime with the impending passage of the Economic Crime and Corporate Transparency Bill later this year. This legislation is set to grant local courts and law enforcement agencies increased authority to swiftly freeze cryptocurrency assets believed to be connected to money laundering, drug trafficking, cybercrime, and terrorism.