ChainCatcher news, the UK Home Office stated in a press release that new powers to help law enforcement agencies seize cryptocurrency used for crime came into effect on Friday. The Home Office announced that under these new regulations, police in the country will no longer need to make an arrest before seizing cryptocurrency holdings, making it easier to confiscate assets known to be obtained through criminal means, even if sophisticated criminals can protect their anonymity or are located overseas.The new regulations were introduced following the passage of the Crime Bill by the UK Parliament last year, which laid the groundwork for faster seizure of cryptocurrency.