UK Government Introduces New Crime Bill to Aid Crypto Asset Recovery

The U.K. government has introduced a new crime bill aimed at enhancing law enforcement's ability to recover funds from crypto-related crimes.

The Crime and Policing Bill includes measures for valuing destroyed crypto assets.
It outlines conditions for courts to retrieve funds and extends Crown Court powers regarding confiscation orders.
The bill aims to strengthen the criminal justice system's pursuit of profits from criminal activities.
This legislation builds on the Economic Crime and Corporate Transparency Act, which was enacted in 2023, allowing quicker freezing and seizing of crypto assets.