Brazilian lawmaker proposes granting courts the power to freeze or confiscate cryptocurrencies of cybercrime suspects
ChainCatcher reported that Brazilian federal deputy Chrisóstomo de Moura has proposed a bill aimed at granting courts the authority to freeze or confiscate the crypto assets of cybercrime suspects.
The bill allows judges, when handling fraud crimes, to proactively or at the request of prosecutors take preventive measures, including freezing cryptocurrency wallets and traditional financial assets. The deputy stated that these preventive measures will help protect society and provide a powerful tool to combat fraud. The bill also proposes the establishment of a "National Fraud Victim Compensation Fund" to provide immediate assistance to victims, addressing the issue of slow civil compensation procedures. In addition, the deputy called for harsher penalties for cybercriminals, including preventive detention, and restricting citizens' access to cryptocurrency trading platforms used for criminal activities. The bill is currently under committee review, and it is expected that the final analysis will take some time to complete.
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