Brazil's New Law: Seizing Crypto to Fight Crime
Bitcoin & Crypto News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Brazils New Law: Seizing Crypto to Fight Organized Crime
Brazilian President Luiz Inácio Lula da Silva signed Law 15,358 on March 25, targeting organized crime by repurposing seized cryptocurrencies. The law allows authorities to direct digital assets into public security funding, enhancing police equipment, intelligence work, and officer training. It also strengthens investigative powers, including provisional access to crypto before conviction and blocking access to exchanges and digital wallets. The legislation increases penalties for criminals using encrypted messaging apps and establishes international partnerships for asset recovery and intelligence sharing. This modernizes Brazils justice system against digital-savvy crime groups and equips law enforcement with new tools to combat organized crime.
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