Russian bailiffs assert they can convert seized Bitcoin into state revenue. Dmitry Aristov, the head of the Federal Bailiff Service, spoke about employing legal precedents to aid in this conversion process.
Aristov stressed the necessity for more comprehensive legislation to address cryptocurrency confiscation effectively. He indicated that the establishment of a clear legal status for Bitcoin in Russia is crucial.
The conversation arose amid Russia’s recent attempts to regulate cryptocurrency. Although laws have been passed for crypto mining and international trade, the status of crypto payments remains unclear.
Leave a Reply