Australian police seize $142,000 in cryptocurrency for the first time after law empowers them to seize digital assets
the Victoria Police Department in Australia has successfully seized cryptocurrency worth $142,679 for the first time after recent legal amendments allowed police to control digital assets. On October 31, the Victoria Police Department released its annual report for 2023-2024, highlighting the newly authorized "power" after adding "Section 92A to seize digital assets under a search warrant" in the "1997 Confiscation Act". Since August 1, 2023, the legal amendment has authorized Victoria police to seize cryptocurrency held by criminals through search warrants.
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