In brief
- A new law was signed in Brazil on Tuesday allowing authorities to seize digital assets like Bitcoin as a means to combat organized crime.
- The law allows judges to authorize the sale of assets as well, with proceeds going to fund public security.
- Brazil introduced the bill in November, shortly after it cracked down on an illegal Bitcoin mining operation.
A new law passed in Brazil designed to bolster the fight against organized crime will allow authorities to seize digital assets from criminals and potentially use them in the public’s interest.
The “Anti-Gang Law” was signed into law by Brazilian President Luiz Inácio Lula da Silva on Tuesday, creating much harsher penalties for crime leaders while providing authorities…
