The UK government has proposed a new bill to combat cryptocurrency crime

Chain Catcher news, the UK government plans to introduce the Economic Crime and Corporate Transparency Bill to combat fraud and money laundering activities to protect the UK economy. The new bill will make it easier and more effective for law enforcement agencies, such as the National Crime Agency, to seize, freeze, and recover crypto assets.

It is reported that after the first reading of the new bill in the House of Commons today, a second reading is expected to take place on October 13. (The Block)