The UK government has updated its proceeds of crime and terror legislation, making it easier for UK law enforcement to investigate, seize and recover illicit cryptoassets.
The National Crime Agency's (NCA) national assessment centre estimates that illicit crypto transactions linked to the UK are likely to have reached at least £1.2 billion in 2021, if not significantly higher.
This is due to organised criminals, including drug dealers, fraudsters and terrorists, using c...