Mathisen Marketing

Your Marketing Blog

UK’s new invoice goals to assist regulation enforcement seize, freeze crypto – Cryptospacey

UK’s new invoice goals to assist regulation enforcement seize, freeze crypto – Cryptospacey

As an affiliate, we may earn from qualifying purchases. We get commissions for purchases made through links on this website.

Receive $10 in Bitcoin when you buy or sell $100 or more on Coinbase! https://mathisenmarketing.com/coinbase

Xeggex

The UK has released a brand new bill that will make it easier for regulatory enforcement firms to freeze and seize crypto-assets.

The bill, called Financial Crime and Company Transparency, will strengthen the nation’s image as a place for professional businesses to thrive, while banishing dirty cash.

U. Okay. target the crypto in the new bill

In response to the authorities, organized criminals are increasingly using cryptocurrencies to launder the proceeds of fraud, pharmaceuticals and cybercrimes.

Nationwide Crime Company Joint Director Graeme Biggar mentioned:

“For years, domestic and global criminals have laundered the proceeds of their crimes and corruption, abusing U.Okay. fixed structures and increasingly using cryptocurrencies. These reforms — long overdue and very welcome — will help us crack down on everyone.”

In the meantime, the country’s authorities are already fighting crypto-crimes even without a bill.

In response to a BBC According to a report, the Metropolitan Police seized £180 million ($200 million) worth of crypto payment linked to global money laundering in July 2021 alone.

A number of authority companies as well as Residence Workplace, Division for Enterprise, Vitality & Industrial Technique, Critical Fraud Workplace, HM Treasury, Ministry of Justice and Firms Home contributed to the 250-page document.

The primary examination of the bill took place in the House of Commons on Thursday, with a second examination scheduled for October 13.

Although the bill focuses on cryptocurrencies, the proposed regulation includes much more. It is likely to be one of the most important updates to the existing legal guidelines in the past few years.

The bill would give Firms Home probably the most power in 170 years, as the group now has extra control over creating the organization.

Posted by: U.Okay., Regulation

Receive $10 in Bitcoin when you buy or sell $100 or more on Coinbase! https://mathisenmarketing.com/coinbase

Source link

Leave a Reply

Your email address will not be published.

Latest Posts

  • XDC Ecosystem Collaborates With LDA Capital Ltd. Funding $50 Mill…

    XDC Ecosystem Collaborates With LDA Capital Ltd. Funding $50 Mill…

    Receive $10 in Bitcoin when you buy or sell $100 or more on Coinbase! https://mathisenmarketing.com/coinbase XinFin (XDC) networkThe open-source, carbon-neutral, enterprise-grade, EVM-enabled, Layer 1 blockchain has raised a $50 million investment with a global alternative investment group, LDA Capital Limited Through the leverage provided by XDC to the founders, from the tokens personally distributed to […]

    Read More

  • Did Europe Move To Renewables Too Fast Or Too Slow (Or Just Right?)

    Did Europe Move To Renewables Too Fast Or Too Slow (Or Just Right?)

    Receive $10 in Bitcoin when you buy or sell $100 or more on Coinbase! https://mathisenmarketing.com/coinbase Wind turbines can be seen near Neurath, the German energy giant RWE’s coal-fired power plant … [+] Garzweiler, Germany. (Photo by INA FASSBENDER/AFP via Getty Images) AFP via Getty Images Especially around the fossil fuel and nuclear industry, there is […]

    Read More

  • Factories Making Towels and Bedsheets Are Shutting in Pakistan

    Factories Making Towels and Bedsheets Are Shutting in Pakistan

    Receive $10 in Bitcoin when you buy or sell $100 or more on Coinbase! https://mathisenmarketing.com/coinbase (Bloomberg) — Pakistan’s small textile mills, which make everything from sheets to towels mainly for consumers in the United States and Europe, have begun to close after devastating floods wiped out its cotton crop. Bloomberg’s most read As many as […]

    Read More