Evolution journalist
we
Evolution journalist
we
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The Minister of Justice in Sweden, Gunnar Stromer, ordered the local authorities to intensify efforts to seize assets such as cryptocurrencies, luxury goods and real estate under a comprehensive new law targeting uncomplicated fortune, even from individuals who are not involved in crimes.
Main meals:
- The new Sweden Law allows the authorities to seize assets, including encryption, of anyone who is unable to prove the legitimacy of their wealth.
- More than $ 8.3 million has already been confiscated since November 2024.
- Fears are rising among legal experts regarding potential civil freedom violations.
Talk to Today’s industry on ThursdayStrömmer urged the police, tax authorities, and Swedish enforcement authority to give priority to cases that are likely to lead to major sources.
The Minister of Justice revealed that more than $ 8.3 million of assets has been seized since the law came into effect in November 2024. “It is now time to raise pressure more.”
The controversial legislation enables the authorities to seize cash, banking assets and luxury elements of individuals who are unable to prove that their wealth matches their income or providing a legitimate interpretation of its origin.
The Swedish government announced upon passing the measure that aims to conduct violent crimes by disrupting criminal financial affairs.
“This means that the person who, for example, has large cash amounts, large banking assets, or luxurious articles that you may lose if he does not have an income that suits the property and cannot explain where it came from,” the government mentioned at that time.
Although it is not clear how much $ 8.3 million has been seized so far, it is linked to cryptocurrencies, the law has already sparked fears between legal experts and civil freedom preachers.
The Economist said in December that a woman traveling through Gothenburg Landter airport has $ 137,000 and confiscated the Rolex watch, while about a million dollars of assets were seized during the first week of enforcement.
In April, Swedish MP Ricard Norddin called on the Minister of Finance to consider Bitcoin’s adoption as a reserve asset, and suggested that the authorities reserve the seizure of BTC instead of liquidating it, similar to the “neutral budget” approach used by the United States
Payment for digital asset reserves comes after former US President Donald Trump signed an executive in March, creating a national encryption reserve, which may affect legislators abroad to explore similar strategies.
The Swedish deputies are pushed to add bitcoin to national reserves
In April, two Swedish legislators urged Finance Minister Elizabeth Svanteson to consider adding Bitcoin to foreign currency reserves in Sweden, highlighting its similarities with gold and capabilities as a hedge against economic instability.
Their proposal includes the accumulation of Bitcoin directly or the adoption of a neutral budget strategy by maintaining BTC in criminal cases instead of its auction.
At the heart of the Swedish legislator’s suggestion is the belief that bitcoin can serve as digital gold, and it is one of the assets capable of keeping the value in times of economic turmoil.
It is worth noting that this method allowed the American government to build large quantities quietly from BTC, an official step in March when Donald Trump signed an executive matter that issued Bitcoin as part of the national reserve framework.
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2025-07-05 09:31:00
