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The Proceeds of Crime Act 2002, granted UK law enforcement new powers regarding digital assets. Concerns arise regarding the lack of clarity in defining "cryptoassets" and addressing suspects' rights. Challenges related to transferring and destroying seized assets are also highlighted. Overall, there's a need for greater precision and understanding in legislative efforts concerning digital asset enforcement as otherwise there are a raft of unintended consequences.
Full Article Here
The Proceeds of Crime Act 2002, granted UK law enforcement new powers regarding digital assets. Concerns arise regarding the lack of clarity in defining "cryptoassets" and addressing suspects' rights. Challenges related to transferring and destroying seized assets are also highlighted. Overall, there's a need for greater precision and understanding in legislative efforts concerning digital asset enforcement as otherwise there are a raft of unintended consequences.
Full Article Here