Australian Police Leverage New Laws to Seize $142K in Crypto

Australian Police Leverage New Laws to Seize $142K in Crypto

In a pioneering move under new seizure powers, Victoria Police have confiscated $142,679.10 in cryptocurrency this year, marking a significant milestone in Australia’s crackdown on crypto-related crime. This first-of-its-kind asset seizure follows updates to the Confiscation Act 1997, enacted in August 2023, granting law enforcement immediate control over digital assets once discovered during investigations. The legislation now enables Victor...

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