Brazil Seizes $1.6 Billion in Crypto: What You Need to Know

In a decisive move, the Internal Revenue Service and Federal Police of Brazil seized around $1.6 billion worth of crypto and fiat. Both organizations launched an operation called Niflheim to dismantle a large scheme involving money laundering, tax evasion and cryptocurrency fraud. This joint operation targeted multiple cities of Brazil including Caxias do Sul, São … source: https://coinpedia.org/news/brazil-seizes-1-6-billion-in-crypto-what-you-need-to-know/