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The Swedish Minister of Justice Gunnar Strömmer ordered the local authorities to intensify the efforts to use asset, such as cryptocurrency, luxury goods and real estate according to a large new law focused on inexplicable wealth, even individuals who do not directly deal with crimes.
Key with you:
- The Swedish New Testament allows the authorities to entertain assets, including a crypt, from anyone who cannot prove the legitimacy of their wealth.
- More than $ 8.3 million has been seized since November 2024.
- Concerns are growing among legal experts on possible violations of civil freedoms.
Talk to Today’s industry on ThursdayStrömmer urged the police, the tax authorities and the Swedish authority to enforce the right to favor cases that are likely to lead to significant seizures.
The Minister of Justice revealed that more than $ 8.3 million were seized from the law in November 2024. “Now it’s time to turn pressure even more,” Strömmer said.
The controversial legislation allows the authorities to entertain cash, banking assets and luxury items from individuals who are unable to prove that their wealth corresponds to their income or offers a legitimate explanation for their origin.
The Swedish government announced that it has taken measures that it focused on the intervention of the violent crime by disturbing criminal finances.
“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,” the government said at that time.
Although it is not clear how many of the $ 8.3 million so far confiscated is associated with the cryptocurrency, the law has already raised concerns between legal experts and civil advisors.
In December, the economist said that a woman passengers over Gothenburg-Landvetter Airport had $ 137,000 and Rolex was confiscated, while about $ 1 million in assets were confiscated during the first week of recovery.
In April, the Swedish MP Rickard Nordin called on the Minister of Finance to consider accepting Bitcoin as a reserve asset, and suggested that the authorities keep the confiscated BTC rather than liquidation, similar to the “budget neutral”
The pressure on the reserve of digital asset comes after the former US President Donald Trump signed an executive order in March, which created a national crypt reserve that potentially affects lawmakers abroad to explore similar strategies.
Swedish MPs are pushing to add bitcoins to national reserves
In April, two Swedish legislators urged Minister of Finance Elisabeth Svanteson Consider adding bitcoin to Swedish foreign exchange reservesemphasize its similarities to gold and potential as a hedge against economic instability.
Their proposal includes directly the accumulation of bitcoins or accepting budget neutral strategies by maintaining BTC seized in criminal cases instead of its auction.
The core of the draft Swedish legislators is the belief that bitcoins could serve as digital gold, which is an asset capable of maintaining value at a time of economic shock.
In particular, this method made it possible The US Government is moving quietly A large amount of BTC, a move formalized in March, when Donald Trump signed a executive order that Bitcoin part of the National Reserve framework.
Contribution Crypto traders on alert when Sweden expands the law to seize digital assets He appeared for the first time Cryptonews.
