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Sweden Unleashes Bold Crypto Crackdown With Increased Seizure Powers to Police

  • Sweden has implemented a law allowing the seizure of assets, including crypto, without a proven criminal offense, focusing on disrupting organized crime networks.
  • The new legislation empowers authorities to seize assets without criminal conviction, leading to over $8.4 million in assets being confiscated so far.
  • Law enforcement agencies in Sweden are directed to prioritize crypto-related seizures and increase surveillance on digital asset operations to combat illicit financial activities.
  • Lawmakers are advocating for confiscated Bitcoin to be converted into a national reserve, believing it would boost the nation's financial security although the government's plans for the seized assets remain unclear.

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