Bitcoin Up More Than 2% – U.K. Plans Legislation to Allow Foreclosure of Crypto Assets

Bitcoin price rose 2.65% today (April 28) to $39,473.0.

The bitcoin price moved into positive territory this morning after the Dow Jones closed up 61 points on Wednesday (April 27).

  • The Dow Jones Industrial Average rose 61.75 points, or 0.19%, to close at 33,301.93.
  • The S&P 500 was up 8.76 points, or 0.21%, at 4,183.96.
  • The Nasdaq fell 1.81 points, or 0.01%, to close at 12,488.93.

Movements in the Crypto Market

Recently, the UK government announced that the arrest and seizure of cryptocurrencies will help deter economic crimes. But proposed legislation on the issue has stalled because lawmakers have recommended that the government establish a single agency to monitor cryptocurrencies.

The UK government has clarified its solution to white-collar crime in a Question Time session in Parliament, stating that the government will push for legislation that leads to faster seizure and confiscation of cryptocurrencies. This is because bank and online fraud are on the rise in the UK, particularly during the COVID 19 pandemic.

However, the committee recommended that the government establish a single agency to combat economic crime to reduce the difficult process created by multiple departments. The government, on the other hand, said that multiple departments were the right approach.

The UK government has backed a proposal that would require online platforms such as Google and Facebook. to take proactive action against fraudulent advertising of financial products. However, passing and enforcing the law will take some time.

The Spot Market is Open

Thursday, April 28, 2022

Crypto
Updated at
USD
Price

Change

%Change
15.50 BTC39,649.76+528.20+1.35
15.50 ETH2,935.70+62.31+2.17
15.50 LTC101.39+0.78+0.78
15.50 BNB403.64+13.43+3.44
15.50 XRP0.66+0.01+1.14
15.50 ADA0.85+0.01+1.43
15.50 DOT17.21+0.23+1.36
15.50 DOGE0.140.00+0.36
15.50 UNI8.31+0.03+0.31
15.50 LINK12.91+0.18+1.42

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