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U.K. officials have frozen nearly $7.7M worth of illicit crypto assets in one year – TON BOT

U.K. officials have frozen nearly $7.7M worth of illicit crypto assets in one year

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U.K. authorities have frozen $7.7 million worth of illicit crypto assets since April 2024. Cryptocurrencies are popular among criminals for money laundering and terrorism financing. The U.K. granted special powers to freeze, seize, and destroy crypto assets linked to crimes. Challenges include freezing foreign nationals’ wallets and lack of understanding of crypto technology.

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