Germany has passed a draft law to grant customs the power to seize cryptocurrencies by 2027.

On November 12, the German Bundestag passed a draft law reform allowing German customs to administratively seize large amounts of cryptocurrency assets with questionable origin and a value exceeding €100,000 without initiating criminal proceedings. If approved by the Bundestag, the bill is expected to take effect on January 1, 2027. According to regulations, authorities must have evidence of suspected illicit origin before taking action, and the final decision on confiscation rests with the tax court. (Source: Cryptooast)