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SVTPerformance's Chain of Restaurants
Road Side Pub
BITCOIN
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<blockquote data-quote="Weather Man" data-source="post: 16823111" data-attributes="member: 137766"><p><h3><a href="https://seekingalpha.com/news/3885473-uk-government-unveils-bill-to-seize-freeze-and-recover-crypto?source=content_type%3Areact%7Cfirst_level_url%3Amarket-news%7Csection_asset%3Amain" target="_blank">U.K. government unveils bill to 'seize, freeze and recover' crypto</a></h3><p>Sep. 22, 2022 6:07 PM ET<a href="https://seekingalpha.com/news/3885473-uk-government-unveils-bill-to-seize-freeze-and-recover-crypto?source=content_type%3Areact%7Cfirst_level_url%3Amarket-news%7Csection_asset%3Amain#scroll_comments" target="_blank">6 Comments</a></p><p></p><ul> <li data-xf-list-type="ul">The U.K. government has introduced a <a href="https://www.gov.uk/government/news/new-crackdown-on-fraud-and-money-laundering-to-protect-uk-economy" target="_blank">bill</a> in Parliament Thursday aimed at making it easier for authorities to "seize, freeze and recover" cryptocurrencies as part of an effort to crack down on money laundering activities.</li> <li data-xf-list-type="ul">The goal of the so-called Economic Crime and Corporate Transparency Bill, which was initially announced by King Charles in May, is to drive "dirty money" out of the country, the government said.</li> <li data-xf-list-type="ul">The bill would provide law enforcement agencies authority "to compel businesses to hand over information which could be related to money laundering or terrorist financing."</li> <li data-xf-list-type="ul">"Domestic and international criminals have for years laundered the proceeds of their crime and corruption by abusing UK company structures, and are increasingly using cryptocurrencies. These reforms – long awaited and much welcomed – will help us crack down on both," said Graeme Biggar, director general of the National Crime Agency, in a statement.</li> <li data-xf-list-type="ul">The legislation built on the earlier Economic Crime (Transparency and Enforcement) Act that helped lawmakers impose sanctions against Russia following its war in Ukraine.</li> <li data-xf-list-type="ul">In mid-July, the U.K. Treasury Committee opened an inquiry into the <a href="https://seekingalpha.com/news/3856500-uk-treasury-committee-opens-inquiry-into-use-of-cryptos" target="_blank">use of cryptos</a>.</li> </ul></blockquote><p></p>
[QUOTE="Weather Man, post: 16823111, member: 137766"] [HEADING=2][URL='https://seekingalpha.com/news/3885473-uk-government-unveils-bill-to-seize-freeze-and-recover-crypto?source=content_type%3Areact%7Cfirst_level_url%3Amarket-news%7Csection_asset%3Amain']U.K. government unveils bill to 'seize, freeze and recover' crypto[/URL][/HEADING] Sep. 22, 2022 6:07 PM ET[URL='https://seekingalpha.com/news/3885473-uk-government-unveils-bill-to-seize-freeze-and-recover-crypto?source=content_type%3Areact%7Cfirst_level_url%3Amarket-news%7Csection_asset%3Amain#scroll_comments']6 Comments[/URL] [LIST] [*]The U.K. government has introduced a [URL='https://www.gov.uk/government/news/new-crackdown-on-fraud-and-money-laundering-to-protect-uk-economy']bill[/URL] in Parliament Thursday aimed at making it easier for authorities to "seize, freeze and recover" cryptocurrencies as part of an effort to crack down on money laundering activities. [*]The goal of the so-called Economic Crime and Corporate Transparency Bill, which was initially announced by King Charles in May, is to drive "dirty money" out of the country, the government said. [*]The bill would provide law enforcement agencies authority "to compel businesses to hand over information which could be related to money laundering or terrorist financing." [*]"Domestic and international criminals have for years laundered the proceeds of their crime and corruption by abusing UK company structures, and are increasingly using cryptocurrencies. These reforms – long awaited and much welcomed – will help us crack down on both," said Graeme Biggar, director general of the National Crime Agency, in a statement. [*]The legislation built on the earlier Economic Crime (Transparency and Enforcement) Act that helped lawmakers impose sanctions against Russia following its war in Ukraine. [*]In mid-July, the U.K. Treasury Committee opened an inquiry into the [URL='https://seekingalpha.com/news/3856500-uk-treasury-committee-opens-inquiry-into-use-of-cryptos']use of cryptos[/URL]. [/LIST] [/QUOTE]
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