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Brazilian court authorizes seizure of cryptocurrency for debt settlement
According to Cointelegraph, the 3rd Collegiate Chamber of the Brazilian High Court has unanimously ruled that the court can seize the debtor's cryptocurrency assets to repay creditors. According to the ruling, judges can now issue a notice to cryptocurrency exchanges to request the seizure of the account holder's assets for debt settlement. In a memo posted on its website, the high court noted that although cryptocurrencies are not legal tender, they can be used as a means of payment and a store...
2025-04-05 00:36:11
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