📣 Urgent: Russian Investigative Committee 🇷🇺 Proposes New Procedure for Cryptocurrency Seizures

📣 Urgent: Russian Investigative Committee 🇷🇺 Proposes New Procedure for Cryptocurrency Seizures

Following the global trend of treating cryptocurrencies as regulated assets, the Russian Investigative Committee raises the question: Why can the Tax Service seize crypto assets but they cannot? Currently, the draft law is under government review, and if approved, authorities will be able to confiscate cryptocurrencies in cases of theft or other crimes.

➡️ Cryptocurrencies will be regulated under Russia’s Criminal and Criminal Procedure Codes.

➡️ Crypto assets can be recognized as material evidence during court proceedings.

➡️ The procedure for cryptocurrency confiscation was initiated last autumn. Additionally, in spring 2024, it was announced that the Ministry of Finance is developing a state platform for storing confiscated crypto assets.

#news #Russia #crypto

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