Brazil passes law turning seized crypto into public-security war chest
CoinDesk
Brazil enacted a law allowing seized cryptocurrency from criminals to fund public security operations.Summary
Brazilian President Luiz Inácio Lula da Silva signed Law No. 15.358, which reforms measures against organized crime by directing cryptoassets confiscated from criminal organizations into the public security system. These funds will support police equipment, intelligence, and training. The law permits the provisional use of these assets before a final conviction, pending judicial approval. Furthermore, the legislation significantly expands judicial power to freeze, block, or seize cryptoassets during investigations, including suspending access to exchanges and digital wallets. It also increases sentences for using privacy tools to conceal crime and facilitates international cooperation for asset recovery.
(Source：CoinDesk)