Brazilian Judges Can Seize Crypto Assets for Creditor Payments

A recent development in Brazil allows judges to seize crypto assets from account holders to repay creditors. The Third Panel of the Brazilian Superior Court of Justice issued this authorization, requiring them to inform crypto traders of their intention before initiating asset seizure. This decision was made after a creditor’s request. 🤯 💡 The Supreme Court of Justice confirmed this move on its website. Judges are empowered to freeze funds without prior approval or notification to debtors, and now this extends to crypto as well. 🤔 ⚖️ Brazil has been grappling with the ambiguity surrounding crypto regulation and rules.