Ethereum News Daily Official TheBitTimes.com

Key takeaways The UK House of Lords has passed a bill to seize stolen cryptocurrencies. The bill targets monetary proceeds from fraud or other financial crimes. The UK government could seize stolen cryptocurrencies A bill that seeks to expand the ability of UK authorities to target illicit cryptocurrency usage has been passed for approval by the House of Lords.  The bill, dubbed the Economic Crime and Corporate Transparency Bill, was introduced a year ago. The bill seeks to tackle crypto-related financial crimes. Since the introduction of the bill, it has gone from the House of Commons to the House of Lords and is now at the final stage of approval.  Per the bill, the authorities will target monetary proceeds from fraud or other financial crimes. Furthermore, the bill also seeks to introduce provisions for corporate transparency and overseas business registrations. Now that the bill is at its final stage , the House of Commons will vote to a...

Canadian police tackling crypto crime are now using Chainalysis software to trace transactions, track suspects, and see where funds have been deposited, an upgrade that they believe will allow them to return more stolen funds to victims. Sergeant Kevin Talbot of the Lethbridge Police Service (LPS) Economic Crime s Unit announced on Friday that the force would be adopting a software program called Reactor developed by the blockchain forensics expert. As reported by the Lethbridge Herald, according to Talbot, it’s unusual for local police forces like the LPS to have such tech.  “We’ll get to the point where we have transaction data but we’re unable to trace it because it requires special programming to do these things,” Talbot said (Via the Lethbridge Herald). The adoption comes at a time when police are seeing a trend of crypto investment scams according to Talbot. Now, he says, the force has its “ own training and programming to do it ourselves .”  Crypto whales targeted in w...