Brazilian lawmakers have proposed granting courts the power to freeze or confiscate the cryptocurrency assets of cybercrime suspects.
Brazilian Federal Congressman Chrisóstomo de Moura has proposed a bill aimed at granting courts the power to freeze or confiscate cryptocurrency assets of cybercrime suspects. The bill allows judges, when dealing with fraud crimes, to proactively or upon the prosecutor's request take preventive measures, including freezing cryptocurrency wallets and traditional financial assets. The congressman stated that these preventive measures will help protect society and provide strong tools to combat fraud.
The bill also proposes the establishment of a "National Fraud Victim Compensation Fund" to provide immediate assistance to victims and overcome the slow civil compensation procedures. In addition, the congressman calls for stricter penalties for cybercriminals, including preventive detention, and restrictions on citizens' access to cryptocurrency trading platforms used for criminal activities. The bill is currently under committee review, and it is expected that the final analysis will take some time to complete.
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