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UK Freezes ~£6M in Illicit Crypto Proceeds 2024-2025
- UK froze ~£6 million in illicit crypto proceeds last and this year.
- The largest freeze was in March at ~£1.5M.
- The UK introduced new powers for the police and HMRC to freeze illicit crypto assets.
- The assets are frozen for three years by court authorization, with potential limitations even if the person is acquitted.
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