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The United Kingdom has implemented new rules aimed at dealing with cryptocurrency fraud. According to a speech by the Head of Civil Justice in The Court System of England and Wales, Sir Geoffrey Vos, t the Civil Justice Council (CJC) will be updating its provisions and legislations to make it much easier for courts to trace and tackle down cryptocurrency fraud. According to said new rules, the power of the courts will be expanded so they can tackle similar issues outside the jurisdiction.
The new legislation will include rules about the courts being able to demand documents and cases that connect individuals to fraud from exchanges and various other similar entities, so that the courts could find evidence that companies are aiding and abetting fraud.
Source
Considering the sheer popularity of cryptos, crypto-related scams are probably increasing too unfortunately, and authorities will have to deal with them.
The new legislation will include rules about the courts being able to demand documents and cases that connect individuals to fraud from exchanges and various other similar entities, so that the courts could find evidence that companies are aiding and abetting fraud.
Source
Considering the sheer popularity of cryptos, crypto-related scams are probably increasing too unfortunately, and authorities will have to deal with them.
