The UK has passed a bill that makes it easier for law enforcement agencies to seize and freeze cryptocurrency linked to crime and terrorism. The Financial Conduct Authority (FCA) has issued 221 alerts against crypto firms for breaching new financial promotion rules. The FCA has warned crypto firms to comply with the new rules on financial promotions for crypto assets. The bill allowing authorities to seize crime-connected crypto is heading for Royal Assent, the final step to making it law. The UK's new Economic Crime bill aims to tighten control over crypto-related financial crimes while nurturing a crypto-friendly environment.
FCA tells industry to get its act together on 'complex' new ad rules that have seen @binance and @paypal suspend services to UK customers. https://t.co/cf4JGsFEGF https://t.co/cf4JGsFEGF
U.K.’s #Financial Watchdog Vows to Remove #Crypto Marketing Content Deemed Illegal Under New #Regulatory Regime. https://t.co/MvQMUVQ8ha
#UK Issues Over 200 Alerts Against #Crypto Firms Allegedly Breaking #Promotion Rules. https://t.co/MvQMUVQ8ha
The UK's new Economic Crime bill aims to tighten control over crypto-related financial crimes while nurturing a crypto-friendly environment https://t.co/ma86bcfdhk
The only thing left before the UK's new crypto bill goes into place is a final sign off from the king. Read more below: https://t.co/zvBubBfWsG
New UK Bill Strengthens Authorities Ability to Seize Illicit Crypto ► https://t.co/DC9H5oHfGn https://t.co/DC9H5oHfGn
A U.K. bill to help enforcement agencies seize and freeze crypto used for crime has been made law. @camomileshumba reports https://t.co/6uR5gZOoRe
NEWS: UK bill allowing authorities to seize crime-connected crypto heads for Royal Assent, the final step to making it law https://t.co/h2HxwIp7Dk
🇬🇧A major cryptocurrency economy in Europe, the United Kingdom, is passing a bill allowing authorities to seize and freeze crypto used for illicit purposes. https://t.co/O0y0B8SvQr
The FCA issued a statement on Oct.25, warning crypto firms that they still need to comply with the new rules on financial promotions for crypto assets https://t.co/2iHijVxK71
U.K. lawmakers have voted to pass a bill to make it easier for law enforcement agencies to seize and freeze crypto linked to crime and terrorism. @camomileshumba reports. https://t.co/PktdVCjCAE
Westminster's lawmakers give local law enforcement more power to confiscate crypto from criminals and terrorists in new laws to tackle economic crime. https://t.co/nYL4cjVL96 https://t.co/nYL4cjVL96
Crypto-promoting firms have continued to fall foul of @TheFCA's new financial promotion rules, with 221 alerts issued against crypto firms since Oct. 8. https://t.co/xZSV0uZwz0
📣 Latest News: Crypto firms have already breached new UK promo rules 221 times, says FCA #news #cryptonews #crypto
Discover the ripple effects of the FCA's new crypto rules in the UK. From crypto firm exits to the advent of regulatory "gatekeepers" https://t.co/S7ALL20HhO