Brazil has proposed selling seized cryptocurrency in order to weaken organized crime networks.

PANews reported on November 13th that, according to CoinDesk, Brazilian President Luiz Inácio Lula da Silva's Bill 5.582/2025, submitted to Congress, authorizes financial institutions to liquidate cryptocurrencies before trial outcomes, treating them similarly to foreign exchange, checks, and securities. However, the handling of cases where suspects are acquitted remains unclear. This move aims to combat the financial chains of criminal organizations and is part of the "Anti-Faction Bill," which amends legislation on organized crime and criminal procedure law, targeting the financial infrastructure of criminal factions such as "Comando Vermelho."

Previous reports indicated that Brazil will expand its financial industry regulations to include cryptocurrency service providers. The new regulations will take effect in February 2026, giving companies nine months to adapt. Those failing to comply by November 2026 will be required to cease operations. Furthermore, reports suggest that the Brazilian central bank's latest regulations set a capital threshold of up to $7 million for cryptocurrency companies .

Share to:

Author: PA一线

This content is for informational purposes only and does not constitute investment advice.

Follow PANews official accounts, navigate bull and bear markets together
Recommended Reading
6 hour ago
15 hour ago
2025-12-20 06:30
2025-12-20 05:23
2025-12-20 04:16
2025-12-20 03:08

Popular Articles

Industry News
Market Trends
Curated Readings

Curated Series

App内阅读