Brazil approves bill to freeze crypto of cybercrime suspects

Brazil's Chamber of Deputies' Finance and Taxation Committee (CFT) has approved a bill to strengthen penalties for cybercrime and allow for the freezing of cryptocurrency balances of individuals under investigation, local media outlet Livecoins reported. The legislation increases the maximum prison sentence for cybercrime from eight to 10 years and empowers courts to order the freezing of assets in suspects' exchange and bank accounts. The bill will now be referred to the Constitution and Justice Committee (CCJ) for further review, with a final decision expected within days.