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 cont...