German Bundestag passes bill to expand customs authorities' power to seize crypto assets.

TechFlow reports that on November 15, according to an announcement by the German federal government, the Bundestag passed a bill on November 12 aimed at strengthening customs administration and combating financial crimes, which seeks to expand customs law enforcement authority.

According to the government's statement, customs authorities will more easily be able to seize assets with legitimate origins that are subject to reasonable suspicion in the future, and can strengthen oversight of cross-border digital transfer channels and seize crypto assets. The bill also aims to strengthen the customs financial intelligence department and expand data exchange between the federal government and the states.