Sweden Expands Asset Seizure Law to Include Cryptocurrencies Amid Rising Concerns

Sweden's Justice Minister Gunnar Strömmer has directed authorities to intensify confiscations of digital assets, luxury goods, and real estate under a controversial new law targeting unexplained wealth. The measure, enacted in November 2024, allows seizures without direct proof of criminal activity—sparking civil liberties debates.

Over $8.3 million in assets have been confiscated since implementation, with cryptocurrencies explicitly included in the crackdown. The government claims the law disrupts organized crime financing, but legal experts warn it risks overreach by placing the burden of proof on asset holders.

Police and tax agencies are now prioritizing high-value cases. "Now it's time to turn up the pressure even more," Strömmer told Dagens industri, signaling broader enforcement ahead for crypto holdings deemed suspicious.