Yigit Taha OZTURK 
Brazil’s Superior Court of Justice has ruled that cryptocurrencies can be legally seized to recover debts. The ruling grants judges the authority to notify crypto exchanges to freeze and transfer assets from debtor accounts.
Cryptos Recognized as Value Store and Payment Tool
Although not legal tender, the court declared that crypto can act as a valid store of value and payment method. This decision follows growing crypto use across Brazil despite a lack of full regulatory clarity.
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According to Chainalysis, Brazil ranks second in Latin America in crypto adoption by value received. Millions of Brazilians are using crypto to hedge against inflation and diversify portfolios.
Binance Gets Green Light to Operate
Major crypto exchange Binance has obtained regulatory approval in Brazil after acquiring a local investment firm. Binance says Brazil is making “real progress” in building a regulatory framework expected to be completed by mid-2025.
While adoption rises, Brazil’s central bank has proposed bans on stablecoin transactions via self-custodial wallets. Experts warn these restrictions may not affect decentralized transactions and could be hard to enforce.
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