New Japanese law may allow seizure of stolen crypto

Cointelegraph

Published Jun 07, 2022 01:48AM ET

Updated Jun 07, 2022 03:20AM ET

Japan’s Justice Ministry is reportedly considering a revision of an asset seizure law relating to organized crime to include a stipulation that crypto can be commandeered in such instances.

If the reports are found to be true, a potential revision of the Act on Punishment of Organized Crimes and Control of Proceeds of Crime (1999) would enable law enforcement officers and courts to take control of crypto assets used in criminal activity such as money laundering.

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