Brazil passes law turning seized crypto into public-security war chest

The law lets authorities use crypto seized during investigations and expands their power to freeze, block or seize funds in a bid to crack down on criminal organizations. What to know : A new law allows Brazilian authorities to use cryptocurrency seized from criminal organizations to fund public security efforts, such as police equipment and training. The law enables authorities to provisionally use seized cryptoassets, with a judge's approval, and expands judicial authority to freeze, block or seize cryptoassets during investigations. The legislation also aims to combat organized crime by increasing the penalties for using encrypted messaging apps or privacy tools to conceal activity, and enables international cooperation for asset recovery and intelligence sharing.