Brazil Signs Law Allowing Seizure of Bitcoin and Crypto Linked to Crime

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Story Highlights* Brazil passed Law 15.358 allowing authorities to freeze, seize, and liquidate crypto assets linked to crimes.

  • Courts can order early liquidation of confiscated Bitcoin with proceeds redirected to public security funding.
  • Public companies in Brazil hold 4,328 BTC worth nearly $296 million amid rising adoption.
BTC-4,35%
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