Brazil proposes to sell seized bitcoins to weaken organized crime networks
2025-11-12 22:19:08
Brazil's government has proposed legislation to allow the sale of seized cryptocurrencies, such as bitcoin, in an effort to dismantle the financial infrastructure of organised crime groups. The proposed law would treat cryptocurrencies as foreign currencies and financial securities. The move is part of Brazil's broader crackdown on organised crime, while the country's central bank is implementing new regulations requiring cryptocurrency companies to be licensed and hold capital reserves.
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