Brazilian court rules that debtors' cryptocurrencies can be seized

A Brazilian court has ruled that a debtor's virtual currency can be included in the seizure. The Brazilian Supreme Court has ruled that "cryptocurrency exchanges cannot seize a debtor's virtual assets."
"Now, users can notify their intention to use virtual currencies," he said, adding, "Although virtual currencies are not legal tender, they can be used as a means of payment and a means of storing value."
The court explained that "virtual currencies will be considered assets subject to seizure in the same way as existing bank deposits."