Brazil’s federal judges have been trained in crypto-related matters – in an effort to prepare the judiciary for an increase in crypto-related cases.
At a meeting of federal judges held last week, arranged by the national justice department, judges and judges were asked to pay more attention to violations related to money markets. electronics – and the rise in crypto-related crime. The ministry asked the judges to pay attention to the fact that Brazil’s cryptocurrency trading volume has skyrocketed in recent years. By some estimates, 10 million Brazilians are said to own cryptocurrencies.
The conference saw judges undergo a “training course” in cryptocurrency and attend lectures on crypto-related topics. They were also told that as the crypto landscape continues to change, high court judges need to continue to increase their knowledge base, noting that crypto regulation, for the most part, do not exist in Brazil.
Thus, judicial decisions, which may have legal precedent, are key.
In an official statement released by the Federal Council of Justice (CJF), the head of the Superior Court of Justice (STJ) and the CJF, STJ President Humberto Martins, was quoted as saying that “globalization” and submission The technological level of organized crime has resulted in a spike in crypto-related crimes.
Jorge Mussi, Vice President of STJ, is quoted as saying:
“The use of cryptocurrencies [….] without proper regulation creates concern for all who are obligated to face this issue.”
Mussi also warned that there are “gaps” in regulations due to the slow progress of crypto-specific legislation.
Meanwhile, Brazilian media outlet LiveCoins, citing data from cybersecurity provider ESET, has reported that there has been a sharp increase in crypto scams from crypto exchanges. unreal and suspicious.
Some of these scams appear to have originated abroad, but use Portuguese-language materials to specifically target Brazilian investors.
ESET added that the scam operators are making use of social engineering tools in a bid to convince potential victims to click on links, hand over their data, and even buy what they think are packages of “coins.”
The media outlet released screenshots of WhatsApp messages from the alleged scammers and added that scammers targeting Brazilians are also active on other social networks like Twitter.
An ESET expert was quoted as explaining that the domains used by such websites were “unknown” and that the digital certificates showed that the pages contained in the inbound link to app users were chat app in Brazil was “created the day before the message was sent on WhatsApp.“
“This,” the expert said, “is one of the first signs of a [cryptocurrency] scam.”