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Germany approves new customs powers to seize suspected illegal assets, including crypto Germany approves new customs powers to seize suspected illegal assets, including crypto.

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Wu Blockchain · Crypto · · Source

🇩🇪 Germany · בונדסטאג · Map

Germany approves new customs powers to seize suspected illegal assets, including crypto Germany approves new customs powers to seize suspected illegal assets, including crypto.

The German Bundestag has approved legislation that allows customs authorities to temporarily secure significant assets, including crypto, when there are well-founded doubts about their legal origin even before a criminal case is opened. The procedure usually targets assets worth more than €100,000, while permanent confiscation would still require a Fiscal Court ruling. The law is due to enter into force on January 1, 2027, subject to approval by the Bundesrat and official publication.

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