The German Bundestag passed a bill to expand customs' authority to seize cryptocurrency assets

According to an announcement from the German federal government, the German Bundestag passed a bill on November 12 aimed at strengthening customs management and combating financial crime, intending to expand customs enforcement powers.

According to the government's explanation, customs will find it easier to seize assets that have reasonable doubts about their legitimate sources in the future, and will be able to enhance the regulation of cross-border digital transfer channels and seize cryptocurrency assets. The bill also aims to strengthen the customs financial intelligence department and expand data exchange between the federal government and the states.