UK Lords Approve Bill to Confiscate & Freeze Crime-Linked Crypto: What it Means for You

The landscape of cryptocurrency regulation in the UK has shifted significantly. On Tuesday, July 4, the UK’s Economic Crime and Corporate Transparency Bill entered its final stages, thereby becoming law, after being passed by the House of Lords. This landmark legislation grants UK authorities enhanced powers to target and disrupt illicit cryptocurrency usage.

The UK's Economic Crime and Corporate Transparency Bill will assist law enforcement officials in seizing and freezing crypto used for crime. The bill was passed on Thursday, receiving the King's approval. A new bill that seeks to empower UK agencies to seize and freeze crypto in money laundering cases has received the approval of the House of Lords. This means law enforcement agencies now have increased capabilities to tackle crypto-related crime.

What powers does the Economic Crime and Corporate Transparency Bill provide? One of the capabilities the newly passed bill affords law enforcement agencies is the power to seize and freeze cryptocurrencies suspected to be linked to criminal activity. This expansion of authority is designed to combat money laundering, terrorist financing, and other illicit activities facilitated by digital assets. 19 de sept. de 2025 A bill that aims to expand the ability of authorities in the United Kindom to target illicit cryptocurrency usage has been pushed to the final stages for approval by the 19 de sept. de 2025 The UK's Economic Crime and Corporate Transparency Bill has been passed to the final stages of approval by the House of Lords. If final approval is granted later.

The implications of the UK Lords' approval are far-reaching. This means a bill that will help law enforcement agencies seize and freeze crypto used for crime became law, bolstering efforts to protect citizens and the integrity of the UK financial system.