First crypto seizure by Victoria Police underscores a new legal framework empowering officers to confiscate digital assets via search warrants.
The police department of Victoria, Australia, made its first successful crypto seizure, worth $142,679, following recent amendments to the law that allow officers to gain control of digital assets.
The Victoria Police released its 2023–24 annual report on Oct. 31, highlighting a recent authorization of “new powers” following the addition of “SECT 92A Seizure of digital asset under search warrant” to the Confiscation Act 1997.
Since Aug. 1, 2023, the change in the law has empowered police officers in Victoria to confiscate cryptocurrencies in the possession of criminals through a search warrant.
