Summary
- The UK government has proposed the 'Crime and Policing Bill' to recover proceeds from virtual asset-related crimes.
- The bill includes criteria for valuing non-sellable virtual assets, as reported.
- The bill includes expanded seizure order authority for the Crown Court.
According to Coindesk, a specialized virtual asset (cryptocurrency) media outlet, on the 26th (local time), the UK government has proposed the 'Crime and Policing Bill' to recover proceeds from virtual asset-related crimes.
The bill includes criteria for valuing non-sellable virtual assets, court procedures and conditions for fund recovery, and expanded seizure order authority for the Crown Court.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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