Russia readies crypto seizure mechanism recognizing coins as property

The Russian government has initiated a legal framework for the confiscation of cryptocurrency assets, recognizing them as property under criminal law. This legislative amendment aims to streamline the process for law enforcement to seize these assets in relation to criminal activities.

The absence of specific rules for crypto seizure has hindered law enforcement’s ability to act against crimes involving digital currencies. The new rules are expected to provide clear guidelines for investigating and confiscating these assets.

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