The Escola Paulista de Magistratura (EPM) has opened registration for a new graduate program for judges at the Court of Justice of São Paulo. Of the topics covered, the magistrates should know better about the subject of cryptocurrencies.
However, as an interesting topic, cryptocurrencies are associated with money laundering crimes in the qualification program. Interestingly, decentralized financial technology is only approached through crimes, in an Economic Criminal Law module.
One of the topics covered is the “type and mechanisms of money laundering: tax havens, cable dollars, offshore and cryptocurrencies”, comparing financial technology to criminal practices.
Another topic covered in the training of magistrates is about the “criminal limits of cryptocurrencies and money laundering (art. 1, Law 9.613/98)”.
Finally, the judges will study the subject in the topic “payment of illicit benefits through cryptocurrencies (art. 317, CP), currency evasion (art. 22, law 7.492/86) and tax evasion (art. 1, law 8,137/80 ). )”.
To enter the postgraduate course, which opened last Thursday (1), all interested persons must have a law degree.
Brazilian justice continues to train in cryptocurrencies
Facing the new Digital Law graduate program promoted by EPM, the approach to the theme of cryptocurrencies is only associated with crimes. This is because financial transaction technology has been applied in Brazil in trade between major banks and corporations.
Anyway, the new program is just another one of the Brazilian courts training judges on this topic. In recent years, several disputes have reached the judiciary regarding the cryptocurrency market, which, in the absence of a specific law, has resolved disputes between various parties.
On June 19, 2023, the Cryptocurrency Law (nº 14.478/2022) will come into force, which should facilitate the work of judges in technology cases.
In addition, the new rules regulate the punishment of those who commit crimes with cryptocurrencies in Brazil, a promising reality for fraud victims.
Cryptocurrencies are still not the main forms of money laundering
Despite repeated warnings from authorities about the use of cryptocurrencies in money laundering, data from a recent study by Chainalysis shows that the use of technology does little to help criminals.
This is because, despite the technology of cryptocurrencies being associated with crimes, many were eventually tracked by authorities around the world, resulting in major seizures.
So everything indicates that using cryptocurrencies to launder money is not one of the popular ways to use the technology, although it has grown in DeFi ecosystems in 2022.
Source: Live Coins
Barry Siefert is an accomplished journalist and author at The Nation View. He is known for his expertise in the field of cryptocurrency, and has written extensively on the topic. With a background in finance and economics, Barry has a deep understanding of the underlying technology and market forces that drive the crypto industry.
