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Court Approves Crypto Seizure for Debt Repayment in Brazil

  • The Brazilian Superior Court of Justice (STJ) has approved the seizure of cryptocurrencies for debt collection.
  • Creditors in Brazil can petition judges to seize crypto assets of borrowers from their cryptocurrency brokers.
  • This decision recognizes digital currency as a payment method and a store of value.
  • Brazil aims to use this court judgment as a benchmark for developing cryptocurrency guidelines.

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