Brazil Turns Confiscated Crypto Into Law Enforcement Funding Tool
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Brazil passed Law No. 15.358, signed by President Luiz Inácio Lula da Silva, authorizing authorities to freeze, block and seize crypto linked to criminal activity and use confiscated crypto to fund police equipment, training and operations with judicial approval, even before final conviction. The law broadens the definition of assets used in crime so crypto held, moved, or linked to criminal networks can be confiscated; using privacy tools to hide crime now increases sentencing risk. Crypto-specific impact: stronger enforcement and regulatory risk for privacy coins and anonymous DeFi activity, increased compliance pressure on CEXs/DEXs and custodians, and a new public-security funding channel from seized crypto.
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- Brazil now allows seized crypto to fund police equipment, training, and operations.
- Law No. 15.358 allows authorities to freeze, block, and seize crypto linked to criminal activity.
- Use of privacy tools to hide crime now increases sentencing risk under the new framework.
Brazil has passed a new law allowing authorities to use confiscated cryptocurrency to fund public security. President Luiz Inácio Lula da Silva signed Law No. 15.358, authorizing the use of seized crypto for police equipment, training, and operations, even before final conviction, with judicial approval.
Legal Framework Targets Organized Crime
Law No. 15.358 defines any asset used in a crime as part of that crime, even if it was not used exclusively for illegal activity. This expands the scope of confiscation. Crypto held, moved, or linked to criminal networks can now be seized and redirected.
…Read The Full Article Brazil Turns Confiscated Crypto Into Law Enforcement Funding Tool On Coin Edition.
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