Summary
Provisions from the 2023 act will allow authorities to use civil recovery regime for crypto and issue crypto asset confiscation orders to seize crypto-related items.
Key Points
1. The 2023 act includes provisions for a civil recovery regime for crypto assets.
2. Authorities will have the power to issue crypto asset confiscation orders to seize crypto-related items.
3. The legislation defines crypto-related items as any property or information that could assist in the seizure of a crypto asset.