The police in the Australian state of Victoria have successfully seized $142,679 worth of cryptocurrency for the first time after a recent law amendment allowed police to take control of digital assets.
The Victorian Police Service released its Annual Report 2023-2024 on October 31, highlighting the recent "new powers" authorised following the addition of "Section 92A Seizure of Digital Assets on Search Warrants" to the Confiscation Act 1997. Effective August 1, 2023, the law change authorises Victoria's police to seize cryptocurrency held by criminals through search warrants.
Australian law empowers police to seize $142,000 cryptocurrency for first time after taking control of digital assets
2024-10-31 12:00:18
Victoria Australia Police Recent Laws Amendments Permits Policedesk3cryptocurrencydesktopCrypto News
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