Brazil to Use Seized Cryptocurrency to Combat Organized Crime Under New Law
From financefeeds.com
Brazil has enacted a new legal framework that allows authorities to use confiscated cryptocurrency to fund public security operations, marking a shift in how digital assets are treated in criminal investigations. Law No. 15.358, published this week, expands the state’s ability to seize, manage and deploy cryptoassets linked to organized crime. Under the law, digital assets can be classified as instruments of crime, allowing authorities to freeze, block or confiscate them during investigations. The measure also enables authorities to prohibit transactions on crypto exchanges tied to illicit activity, strengthening ...
(full story)