Since April 26, the police have the right to block the transfer of illegally acquired cryptocurrency funds to wallets controlled by the authorities. This will allow victims to recover their stolen funds.The UK's National Crime Agency (NCA) and police have been given enhanced powers to "freeze, seize and liquidate" cryptocurrency used by criminals.
Police may also seize items that could assist in the investigation, such as passwords or memory cards, according to a UK Home Office
press release. It will also be possible to liquidate a crypto asset if its return to circulation is considered harmful to the public good.
Under new laws coming into force on April 26, police can now transfer confiscated illegal cryptocurrency to wallets under their control, and crime victims can request the return of funds stolen from their crypto accounts.
UK Home Secretary James Cleverley said criminals should not profit from illegal activities.