<ul><li>UK authorities have frozen £6 million ($7.7 million) in crypto since gaining new enforcement power in April 2024.</li><li>A Coinbase wallet linked to possible tax evasion had £1.5 million frozen.</li><li>Experts predict a surge in crypto freezes as the UK enforces stricter laws to combat financial crimes.</li><li>The new powers allow law enforcement to freeze suspicious cryptocurrency wallets for up to three years, preventing criminal operations and enabling asset recovery.</li></ul>

UK Freezes £6 Million in Crypto to Combat Financial Crimes

Discover more