Crypto Traders on Alert as Sweden Expands Law to Seize Digital Assets
Sweden’s Justice Minister Gunnar Strömmer has ordered local authorities to intensify efforts to seize assets like cryptocurrency, luxury goods, and real estate under a sweeping new law targeting unexplained wealth, even from individuals not directly implicated in crimes.
Key Takeaways:
- Sweden’s new law lets authorities seize assets, including crypto, from anyone unable to prove the legitimacy of their wealth.
- Over $8.3 million has already been confiscated since November 2024.
- Concerns are rising among legal experts over potential civil liberties violations.
Speaking to Dagens industri on Thursday, Strömmer urged police, tax authorities, and the Swedish Enforcement Authority to prioritize cases likely to result in significant…
