Brazil’s Chamber of Deputies Finance and Taxation Committee approved a bill that would allow authorities to freeze cryptocurrency balances of targets under police investigation for online fraud.
According to ChainCatcher, the proposal also seeks to amend provisions of the Penal Code to increase penalties for cybercrime.
Crimes carried out via social media or phone would face harsher punishment under the bill. It would raise prison sentences for those convicted of cyberattacks to 6 to 10 years, from 4 to 8 years.
The measure would also give judges authority to freeze suspects’ assets held at Bitcoin exchanges and in bank accounts. Additional preventive steps cited include freezing physical assets and banning the use of payment systems.
The bill will next be reviewed by the Constitution and Justice Committee, with consideration expected to be completed in the coming days.
Brazilian House Committee Approves Bill Allowing Crypto Freezes in Cyber Fraud Investigations
2026-06-13 01:14:21
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
Previous article：
巴西众议院委员会通过网络欺诈法案Next article：
Arc 测试网将于 6 月 18 日激活 v0.7.2
