PANews reported on April 5th that according to Cointelegraph citing local media, the third court of the Brazilian High Court unanimously authorized judges to send letters to cryptocurrency brokers, informing them of their intention to seize account holders' assets to repay creditors. "Although crypto assets are not legal tender, they can serve as a means of payment and a store of value." According to existing regulations, if Brazilian judges rule that a creditor is owed money, they have the right to freeze bank accounts and order fund withdrawal, even without the debtor's knowledge. According to the recent decision, crypto assets now fall under the same jurisdiction.
