Brazil has enacted a new law aimed at combating organized crime, signed by President Luiz Inácio Lula da Silva on Tuesday. The legislation permits law enforcement agencies to seize, confiscate, or freeze digital or virtual assets, including Bitcoin, when there is substantial evidence of serious criminal activity. This move is part of Brazil's broader efforts to strengthen its legal framework against organized crime and enhance the tools available to authorities in tackling illicit activities involving cryptocurrencies.