The Crime and Corruption Commission called for reform of Queensland’s Criminal Proceeds Confiscation Act 2002 to counter the growing illicit use of cryptocurrencies in the state.
To overcome these legal shortcomings, the agency has proposed modernizing Queensland’s asset confiscation regime. “Digital assets are expected to continue to proliferate as the criminal environment increasingly becomes less physical, and the CPCA less effective for dealing with digital assets.” Citing the importance of CPCA to remain fit for purpose within a changing criminal environment, the Commission added:
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