Russia wants to expand its criminal code with terms related to cryptocurrencies so that law enforcement agencies can confiscate crypto during criminal probes.
A new bill will state that crypto is a confiscatable asset and will outline the procedures for seizures.
Russian legislators are now planning to create new definitions within the criminal code concerning cryptocurrencies and other related tools. The government believes that this change will facilitate the police’s ability to confiscate property containing prohibited content during an investigation.
The Russian Government Commission on Legislative Activity has endorsed a bill from the Ministry of Justice defining the terms ‘crypto’ in the Criminal Code and the Criminal Procedure Code, as cited by Vedomosti.
However, at the present time, no such definitions are provided in the Russian legislation, which hinders the investigation of related cases. The government is expected to send this draft bill to the State Duma soon
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