Sweden's Justice Minister Gunnar Strömmer has urged local authorities to intensify efforts in asset seizures, including cryptocurrency, under a new law effective from 2024. This legislation permits the confiscation of luxury items and cash from individuals not directly under investigation. A report from Dagens industri highlighted that the government has already seized over $8.3 million in criminal profits since the law's implementation. The law, aimed at combating violent crime, allows authorities to take assets of criminal origin without needing to prove an actual offense. Controversially, it has led to significant seizures, including a case where a woman had $137,000 and a Rolex taken at Gothenburg-Landvetter Airport. Additionally, MP Rickard Nordin has proposed that Sweden consider Bitcoin as a reserve asset, inspired by the U.S. approach to crypto stockpiling. This move reflects a growing interest in digital assets among lawmakers, following U.S. initiatives to establish a national crypto reserve. Read more AI-generated news on: https://app.chaingpt.org/news

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