According to ChainCatcher and Cointelegraph, the third panel of the Brazilian High Court unanimously ruled that courts can seize a debtor's cryptocurrency assets to repay creditors. Based on this ruling, judges can now notify cryptocurrency exchanges to freeze account holders' assets for debt settlement.

In a memorandum published on its website, the High Court noted that while cryptocurrencies are not legal tender, they can be used as a means of payment and a store of value. Judge Ricardo Villas Bôas Cueva stated that although Brazil currently lacks formal regulation of cryptocurrencies, certain legal acts have recognized them as "digital value representations".