UK Crime Bill Lets Cops Freeze Crypto Faster, Channels Tainted Assets to Public Funding

• The U.K. is introducing a new bill, the Economic Crime and Corporate Transparency Bill, to make it easier for law enforcement agencies to freeze and seize cryptocurrency linked to criminal activities.
• The bill removes the requirement of an arrest or conviction before seizing tainted crypto assets, allowing for quicker asset freezes.
• The new powers under the bill also enable the seizure of crypto assets in ongoing investigations or proceedings, even without a conviction.
• The bill aims to prevent criminals from moving their assets before law enforcement can freeze them, especially in time-sensitive cases.
• The U.K. has already seized millions of pounds worth of crypto linked to illegal activities, and the new bill is expected to further improve these numbers.

The sentiment of the article is generally positive, as the new bill is seen as a powerful tool to recover crypto assets linked to criminal activities. It is anticipated that the bill will lead to a substantial increase in the recovery of digital assets. The removal of legal hurdles and the ability to freeze assets quickly are seen as game-changers in time-sensitive criminal investigations.