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Historic: Cryptocurrency Assets Are Now Legally Seizable in Brazil

In a historic decision, the National High Court of Brazil decided that when funds are not available for seizure in the banking system, judges can directly send letters to cryptocurrency exchanges to investigate if debtors have crypto and seize it.

Cryptocurrency is being acknowledged and integrated into the international legal and economic system. The National High Court of Brazil (STJ) issued a landmark decision establishing that crypto could be seized as payment for outstanding debts.

The case, which has now put the digital assets system in the sights of the judicial system, enables a new set of opportunities to redeem debts from actors that have not used the traditional finance system for storing funds.

Historic: Cryptocurrency Assets Are Now Legally Seizable in Brazil

In a historic decision, the National High Court of Brazil decided that when funds are not available for seizure in the banking system, judges can directly send letters to cryptocurrency exchanges to investigate if debtors have crypto and seize it.

Cryptocurrency is being acknowledged and integrated into the international legal and economic system. The National High Court of Brazil (STJ) issued a landmark decision establishing that crypto could be seized as payment for outstanding debts.

The case, which has now put the digital assets system in the sights of the judicial system, enables a new set of opportunities to redeem debts from actors that have not used the traditional finance system for storing funds.

https://news.bitcoin.com/historic-cryptocurrency-assets-are-now-legally-seizable-in-brazil/