New French Bill Could Give Authorities Powers to Seize Crypto Assets

France Nouvelles Nouvelles

New French Bill Could Give Authorities Powers to Seize Crypto Assets
France Dernières Nouvelles,France Actualités
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French minister GDarmanin wants to give the police powers to seize criminals' bitcoin. jackschickler reports.

In France, suspected criminals could have their crypto assets frozen under a new law presented by the country's government Wednesday.

“Too often, criminals convert the fruits of their wrongdoing into crypto-assets, which can be more easily dispersed and therefore concealed,” said a report annexed to the government’s draft law., which largely repeat those first tabled in March, would extend the rules that already apply to conventional bank account holdings – when authorized by a public prosecutor or investigating judge – to crypto assets.

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France Dernières Nouvelles, France Actualités

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