Brazil Legalizes Crypto Seizures for Debt Repayment, Judges Can Freeze Assets

In a landmark ruling, Brazil’s top court has empowered judges to seize cryptocurrencies as collateral for debt repayment. The Supreme Federal Court (STJ) ruled that judges can notify cryptocurrency exchanges of their intent to freeze debtors’ assets if they fall into arrears on outstanding debts. This decision reflects the growing acceptance of crypto assets within the Brazilian legal system.