Brazil signs anti-gang bill allowing confiscated cryptocurrencies to fund law enforcement agencies

According to Odaily, Brazilian President Luiz Inácio Lula da Silva signed an anti-gang bill this Tuesday, granting authorities new powers to freeze and confiscate assets during investigations and after convictions. The asset types involved include cryptocurrencies, stocks, and luxury goods. The legislation allows authorities to permanently seize the relevant assets and sell them, with the proceeds used for police equipment upgrades, training, and special operations.

The bill also establishes a financial incentive mechanism for public assistance in law enforcement, offering informants who provide information and help recover assets up to 5% of the confiscated property as a reward. Assets confiscated in connection with drug trafficking will be included in the federal anti-drug policy fund rather than the security fund.

In addition, the bill increases penalties for extremely violent criminal organizations, paramilitary groups, and private militias that use violence or serious threats to control territory, disrupt public services, attack infrastructure, or intimidate authorities and civilians.