UK authorities crack down on illicit crypto with $7.7M in freezes
Experts expect a surge in crypto freeze orders as the UK intensifies efforts to combat criminal use of digital assets.
The National Crime Agency (NCA) and police have been granted special powers to freeze, seize, and destroy cryptocurrencies connected to criminal organisations. The powers allow law enforcement to freeze crypto wallets for up to three years.
Despite the $7.7 million being small compared to global crypto transactions, experts believe UK authorities are making…
