Brazil's Santa Catarina prosecutors seek exchanges to store seized crypto for free
- —MPSC seeks exchanges to custody seized crypto free of charge for one year
- —Network fees and price swings are deducted from the confiscated amount
- —Penalty of 30% of held funds for total failure, 20% for delays
- —Brazilian central bank license required only after state rules take effect
Why it matters: The arrangement sets a precedent for shifting enforcement costs onto crypto infrastructure, potentially accelerating exchanges' integration into law enforcement.
Source: Livecoins
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