- Brazil this week signed a law allowing authorities to use seized goods to fund police resources.
- The seized goods mentioned in the law include crypto.
- Brazil’s central bank last year drafted similar legislation.
Brazil this week passed a law allowing authorities to use seized criminal crypto to fund public security resources.
A law signed by President Luiz Inácio Lula da Silva on Tuesday creates new powers to freeze and seize assets — including crypto, stocks and shares and luxury goods — both during investigation and after conviction.
The law allows authorities to permanently forfeit the seized assets, and then sell them to fund police to continue fighting crime.
“Lost assets and values may be provisionally used by public security…
