Altcoins Talks - Cryptocurrency Forum
Further Discussions => Legality & Taxation of Cryptos => Topic started by: Tnoy30 on October 13, 2021, 01:47:20 PM
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Australian authorities will be able to seize or freeze cryptocurrencies linked to cybercrime under new legislation.
Australian lawmakers are taking a tougher stance against ransomware with a new plan that increases penalties for offenders.
The new measures and proposed Surveillance Legislation Amendment announced by the federal government on Oct. 13 come after a 60% surge in cyberattacks on Australian businesses and state agencies last year. According to reports, these incursions cost the economy $AU1.4 billion (around $US1 billion).
Source: New Australian ransomware plan allows for seizure of crypto
(https://cointelegraph.com/news/new-australian-ransomware-plan-allows-for-seizure-of-crypto)