The UK is close to passing a new law that will help them crack down on illegal use of cryptocurrencies.
The law, called the Economic Crime and Corporate Transparency Bill, was first proposed in September 2022 to deal with financial crimes involving crypto.
It has been moving through the parliament and is now in its last stage before becoming official, a CoinTelegraph report said.
The House of Lords made some changes to the bill to make sure it only targets money that comes from fraud or other crimes.
The bill also has some rules for making businesses more transparent and accountable, especially if they operate abroad.
The final step is for the House of Commons to agree with the changes or suggest some more. Once they do that, the bill will be ready to become a law with the royal assent, which is when the queen or king gives their approval.