Sweden’s Justice Minister Says To ‘Turn Up The Pressure’ On Crypto Seizures

The Swedish Minister of Justice called on local authorities to focus on interventions that could bring larger seizures of assets, including cryptocurrency according to Act 2024, which allows seizure of luxury things and cash from individuals, even if they are not the aim of the investigation.

According to Thursday’s financial reports Dagens Industri, Minister of Justice Gunnar Strömmer said Local police, tax authorities and a Swedish coercive body should make more effort in cases where the crypto of revenues, real estate and other corporate assets are likely to bring. The Minister of Justice said that the government has seized more than $ 8.3 million since 2024.

Intervention stop From the Swedish law, which entered into force in November 2024, it allows the authorities to entertain luxury items and a large amount of cash from individuals, even if they were not the aim of an official investigation. It is not clear how many of the $ 8.3 million data was tied to the crypto.

“[It] It will be possible to take assets with criminals from criminals, regardless of whether to prove that someone has committed real crimes, ” said Swedish control body in October 2024 after the law passed:

“This means that a person who has a large amount of cash, considerable banking assets or luxury articles, for example, may fail if he has no income that is proportional to assets and otherwise cannot explain where he comes from.”

Related: The Swedish Government pays $ 1.5 million in Bitcoins to a convicted drug trade

The law that the legislators stated that it was approved in Sweden has its controversy. Economist proposed In December, one woman passengers via Gothenburg-Landvetter Airport 137,000 and Rolex watches confiscated while the authorities reported Entertaining about $ 1 million in goods in the first week of recovery.

The legislature calls a bitcoin reserve

In April, a Swedish member of Parliament Rickard Nordin sent a letter the Minister of Finance of the country that asks for the addition of bitcoins (BTC) as a reserve asset. Nordin suggested that Sweden imitate the US “budget neutral” approach to crypto supply that BTC did not sell confiscated authorities.