Brazil Enacts Law to Confiscate and Sell Criminal Assets, Including Cryptocurrency

Brazil has enacted a new law aimed at combating organized crime by allowing authorities to confiscate and sell assets, including cryptocurrency. According to NS3.AI, the legislation permits informants to receive up to 5% of the recovered assets. The proceeds from these sales are designated for funding police equipment, training, and special operations. Additionally, assets linked to drug trafficking will be allocated to the federal anti-drug policy fund. The law also increases penalties for violent criminal organizations, paramilitary groups, and private militias.