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Cryptocurrency Live News & Updates : Sweden intensifies crypto asset seizures without crime proof
05 Jul 2025 | 01:55:13 AM IST
Sweden's Justice Minister has directed law enforcement to increase the confiscation of unexplained cryptocurrency holdings, even in the absence of direct evidence of criminal activity, under a new law. Sweden's crackdown on cryptocurrency is intensifying as Justice Minister Gunnar Strömmer orders law enforcement to seize unexplained digital assets without needing proof of a crime. This directive follows a law that has already led to the confiscation of $8.4 million in assets. Meanwhile, the market sees significant movements, with the Humanity token surging 40% amid a broader altcoin dip, driven by its recent listing on a major South Korean exchange. In the meme coin sector, PEPE rallies as whale activity hints at potential growth for Pepeto, a new player focusing on sustainable growth and utility. Additionally, Maple Finance's SYRUP token is gaining traction as smart money investors accumulate during a dip, reflecting confidence in its growth potential. On the regulatory front, Turkey has banned PancakeSwap and other decentralized exchanges, raising concerns about the future of platforms like Uniswap. This regulatory environment highlights the ongoing tension between innovation in the crypto space and the need for oversight, as countries grapple with the implications of digital assets on their economies. Show more
