The Swedish Justice Minister is urging police, tax agencies and executive agencies to increase efforts to seize criminal profits, including in the form of cryptocurrency.
Moderate party Gunnar Strömmer asked authorities to take advantage of the forfeiture law introduced last November.
This means that if the authorities suspect someone who illegally acquired cryptocurrency, and the person “can’t explain where it came from,” the police and other agencies can legally seize it.
“We want them to be particularly focused on assets that will strengthen their cooperation and generate significant profits,” GunnarStrömmer said. “Now, it’s a matter of increasing pressure even more.”
Stromer also noted that the new law is some of the strictest in Europe. So far, it has been used to seize assets worth $8.4 million (80 million kronors).
As explained on the Swedish Parliament website, the law “applies to children, young people, and those with serious mental disorders at the time of the crime.”
Sweden and the Code
The Strömmer call for an increase in seizure activity comes as some Riksdag lawmakers are pushing for the creation of national Bitcoin Reserve following similar moves in the US and other countries, such as the Czech Republic and Italy.
One of the prominent defenders of a Bitcoin Swedish Democrat Dennis Diukalev Reserve says Decryption He supports Stromer’s call for a surge in seizure activity.
“We welcome any effort to confiscate illegally obtained assets to combat crime and make life difficult for criminals,” he said.
Dioukarev repeats his call for accumulation of strategic reserves as to whether it will take place in Sied Crypto.
He said, “Cryptocurrencies in general and Bitcoin that is confiscated in particular need to be transferred to Rixbank, the Swedish central bank, to build a strategic Bitcoin reserve.”
However, when Decryption He asked the Strömmer news agency to clarify what will be done in Seed Digital Assets.
The inability to comment applies to questions about the actions that Stromer and the Swedish government want authorities to take to increase code seizures.
According to the Bloomsbury Intelligence & Security Institute, in 2024 62,000 individuals were “involved or connected to the Swedish criminal network.”
And last September, the Swedish police department and financial information department released a report that concluded that some crypto exchanges were professional money launderers.
The report also called for law enforcement to “steady increase its presence on the various platforms used for crypto exchanges to identify and map illegal crypto exchange providers.”
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