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Brazilian court Approves taking Crypto from Exchanges to Settle Unpaid Debts

  • Brazil’s Superior Court of Justice has allowed freezing of crypto assets from local exchanges to settle unpaid debts.
  • The decision highlights the recognition of crypto as an asset that can be used to repay lenders.
  • The new ruling also allows courts to check crypto exchanges for individuals' assets, even if there is no proof of ownership.
  • Despite lack of clear regulations, the adoption of cryptocurrencies in Brazil is growing rapidly.

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