Post
Topic
Board Speculation
Merits 9 from 3 users
Re: New powers to seize cryptoassets used by criminals go live
by
Gachapin
on 27/04/2024, 01:45:37 UTC
⭐ Merited by El duderino_ (5) ,goldkingcoiner (2) ,LoyceV (2)
Wow, UK's a real shit place huh?


Quote
UK law enforcement will be able to destroy a crypto asset if returning it to circulation is not conducive to the public good. Privacy coins, for example, are a form of cryptocurrency that grant an extremely high degree of anonymity and are often used for money laundering.


https://www.gov.uk/government/news/new-powers-to-seize-cryptoassets-used-by-criminals-go-live

I guess when they "destroy a crypto asset" they will burn it / destroy the keys... and enrich all other holders... yeah... great idea