Sweden's Minister of Justice Gunnar Strömmer has proposed expanding police powers regarding the confiscation of cryptocurrencies related to illegal activities. The initiative, announced on July 7, 2025, aims to strengthen the fight against money laundering and financing of crimes. It is proposed to allow law enforcement to seize digital assets even without direct evidence of a crime if the owner cannot explain their legal origin. This aligns with new legislation that will come into effect in November 2025.
Strömmer emphasized that Sweden aims to be a leader in Europe in combating the criminal use of cryptocurrencies, and confiscations totaling over $840,000 have already been recorded. This approach has sparked discussions: supporters consider it effective for safety, while critics point to the risk of infringing citizens' rights. The police will gain access to modern blockchain analysis tools to identify suspicious transactions.
This initiative could impact the cryptocurrency market, forcing investors to reevaluate their strategies. Sweden is taking a tough stance amid rising cybercrime.
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