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UK Lawmakers Pass Bill to Help Seize Illicit Crypto

The bill lets law enforcement freeze crypto without a conviction, promising faster and more substantial seizures.

https://www.coindesk.com/policy/2023/10/26/uk-lawmakers-pass-bill-to-help-seize-illicit-crypto/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

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Discussion

Bill Cypher 2y ago

My bet is faster and more substantial is the goal, not the illicit part.

nostr:nevent1qqsvqshd52axznp9f8szk9p5ewryfexwxuca935rpvsec0vad5l294qpzpmhxue69uhkummnw3ezuamfdejsygp5w3r3yzn6syfr7yc6elv3wzxa9wz6eg8x5xry03k249v3fezhxcpsgqqqqqqs6leg7d

Guy Swann 2y ago

Well they are explicitly giving permission to seize it before they ever prove anything to anyone about whether it’s “illicit” or even what they fucking mean by that word… so you are correct. It’s clearly not the part they care about.

TheZenLlama 2y ago

The next step is to define illicit with a blurry definition...

KyleM. 2y ago

It will most likely be in the name of “safety”.

TheZenLlama 2y ago

True!

People need to learn, that blurry definition means more overreach.

𝖋𝖎𝖆𝖙𝖉𝖊𝖓𝖎𝖊𝖗 (¯`◕‿◕´¯) 2y ago

How do they plan to enforce that?