Close Menu
ApeWatcher News
  • Home
  • Advertise
  • Headlines
  • Crypto
    • News
    • Bitcoin
    • Ethereum
    • Altcoin
    • View All
  • DeFi
  • NFT
  • Metaverse
  • Guides
  • Rates
  • Videos
  • Listing Platform
  • BSC
  • ETH
  • Listing Platform
  • BSC
  • ETH
What's Hot

The Protocol: Solana To Get Major Design Overhaul

May 22, 2025

Hong Kong Passes Landmark Stablecoin Bill, Reshaping Digital Finance

May 22, 2025

How to Read a Liquidation Heat Map: An Essential Analytical Tool

May 22, 2025
X (Twitter) Telegram
  • Listing Platform
  • Home
  • BSC
  • ETH
Advertise
X (Twitter) Telegram
ApeWatcher News
  • Headlines
  • Crypto
    1. News
    2. Bitcoin
    3. Ethereum
    4. Altcoin
    5. View All

    The Protocol: Solana To Get Major Design Overhaul

    May 22, 2025

    Hong Kong Passes Landmark Stablecoin Bill, Reshaping Digital Finance

    May 22, 2025

    BTC Backs Off Quickly From Record High as Interest Rate Surge Hits Risk Assets

    May 22, 2025

    Bitcoin Price Charges Into New Territory, Fueled by ETF Frenzy and Soft Inflation

    May 22, 2025

    Feds Charge Atlanta Man for Allegedly Applying for Over $3,390,000 in Fraudulent Small Business Loans During COVID

    May 22, 2025

    Bitcoin price hit a new all-time high and data shows BTC bulls aren’t done yet

    May 21, 2025

    Bitcoin hits new highs in the absence of ‘unhealthy’ leverage use — Will the rally continue?

    May 21, 2025

    Incoming Capital Controls To Hurt Anyone Not Holding These Two Assets, According to Macro Analyst Luke Gromen

    May 21, 2025

    Ethereum holders back in profit as ETH price enters ‘crucial area’ for $3K breakout

    May 21, 2025

    Arthur Hayes Gives Portfolio Update, Says ‘Nasty Correction’ Could Be Approaching This Year for Crypto

    May 21, 2025

    Ethereum price gained 90% the last time this indicator turned bullish

    May 20, 2025

    Whale Holding $2,190,000,000 in Bitcoin Withdraws More BTC From Binance in Accumulation Spree: Lookonchain

    May 20, 2025

    Billionaire Justin Sun To Attend Crypto Dinner With President, Says He Is ‘Top Holder’ of Trump’s Memecoin

    May 21, 2025

    These Crypto Entities Will Be the Largest Holders of US Treasuries in the World, According to Senator Hagerty

    May 21, 2025

    ‘Hawk tuah girl’ Haliey Welch says FBI probed her ‘memecoin disaster’

    May 21, 2025

    Quantum Biopharma adds to crypto holdings

    May 19, 2025

    The Protocol: Solana To Get Major Design Overhaul

    May 22, 2025

    Hong Kong Passes Landmark Stablecoin Bill, Reshaping Digital Finance

    May 22, 2025

    How to Read a Liquidation Heat Map: An Essential Analytical Tool

    May 22, 2025

    BTC Backs Off Quickly From Record High as Interest Rate Surge Hits Risk Assets

    May 22, 2025
  • DeFi
  • NFT
  • Metaverse
  • Guides
  • Videos

    Bitcoin Hits New ALL TIME HIGH: Here's WHY (Japan Economy Imploding)

    May 22, 2025

    HURRY: Bitcoin's Move From $110K To $125K Will Be QUICK!!!

    May 21, 2025

    Bitcoin NEW All-Time High! Price Prediction & Bear Trap Alert!

    May 21, 2025

    Bitcoin Hits ATH!!!! What's NEXT???

    May 21, 2025

    Bitcoin Chart Predicts $128K! (Ethereum Set for $10,000 Breakout)

    May 21, 2025
ApeWatcher News
Home » Brazilian court authorizes crypto seizure for debt collection — Report
Brazilian court authorizes crypto seizure for debt collection — Report
News

Brazilian court authorizes crypto seizure for debt collection — Report

Coin TelegraphBy Coin TelegraphApril 4, 20250 ViewsNo Comments
Share
Facebook Twitter LinkedIn Pinterest Email

Brazilian judges have been authorized to seize cryptocurrency assets from debtors who owe money and are behind on their payments, signaling a growing recognition that digital assets can be both a form of payment and a store of value.

According to local media reports, the Third Panel of Brazil’s Superior Court of Justice unanimously authorized judges to send letters to cryptocurrency brokers informing them about their intent to seize an account holder’s assets to repay creditors.

The report was confirmed by the Superior Court of Justice, which issued a notice on its website.

The decision was reached unanimously by the Third Panel, which reviewed a case brought forward by a creditor.

“Although they are not legal tender, crypto assets can be used as a form of payment and as a store of value,” a translated version of the Superior Court of Justice’s memo read.

Source: STJnoticias

Under existing rules, Brazilian judges are allowed to freeze bank accounts and order fund withdrawals, even without a debtor’s knowledge, should they rule that a creditor is owed money.

Following the recent decision, crypto assets now fall under the same purview. 

Minister Ricardo Villas Bôas Cueva, who voted in the five-person panel, said cryptocurrencies still lack formal regulation in Brazil but noted certain bills have recognized the asset class as “a digital representation of value.” 

Related: Brazil’s data watchdog upholds ban on World crypto payments

Despite regulatory uncertainty, Brazil is a major hub for crypto

Although Brazil still lacks an overarching framework for digital assets, with the country’s central bank divvying up the regulatory processes into phases, crypto adoption is surging across the country.

Brazil ranks second among all Latin American countries in terms of “crypto value received,” which is a key benchmark for adoption, according to an October report by Chainalysis. 

In Latin America, only Argentina has higher crypto penetration in terms of value received as of June 2024. Source: Chainalysis

Earlier this year, crypto exchange Binance was granted approval to operate in the country after it acquired a São Paulo-based investment company. 

A Binance executive told Cointelegraph at the time that Brazil was making “significant strides” in regulating the industry and expects a comprehensive framework to be finalized “by mid-year.”

Nevertheless, not all of Brazil’s regulatory proposals have been favorable for the industry.

In December, the country’s central bank proposed banning stablecoin transactions on self-custodial wallets at a time when more locals were using dollar-pegged tokens to hedge against the devaluation of the Brazilian real.

Industry observers told Cointelegraph at the time that such a ban would be difficult to enforce.

“Governments can regulate centralized exchanges, but P2P transactions and decentralized platforms are much harder to control, which means the ban would likely only affect part of the ecosystem,” said Lucien Bourdon, an analyst with Trezor. 

Related: Brazilian lawmaker introduces bill to regulate Bitcoin salaries

Read the full article here

Follow us on Google News to get the latest Updates

 
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

The Protocol: Solana To Get Major Design Overhaul

May 22, 2025

Hong Kong Passes Landmark Stablecoin Bill, Reshaping Digital Finance

May 22, 2025

BTC Backs Off Quickly From Record High as Interest Rate Surge Hits Risk Assets

May 22, 2025

Bitcoin Price Charges Into New Territory, Fueled by ETF Frenzy and Soft Inflation

May 22, 2025

Trump’s Memecoin Dinner Draws Crowded Cast of Democratic Protesters from Congress

May 22, 2025

Peter Brandt Eyes $150K Bitcoin by August as Bullish Patterns Explode

May 22, 2025
Add A Comment
Leave A Reply Cancel Reply

Top Articles

The Protocol: Solana To Get Major Design Overhaul

May 22, 2025

Hong Kong Passes Landmark Stablecoin Bill, Reshaping Digital Finance

May 22, 2025

How to Read a Liquidation Heat Map: An Essential Analytical Tool

May 22, 2025
ApeWatcher News
X (Twitter) Telegram
  • Privacy Policy
  • Sources
  • Terms and Conditions
  • Contact
  • Advertise
© 2025 Ape Watcher News

Type above and press Enter to search. Press Esc to cancel.