The authorities of Russia are considering the creation of a government fund intended for crypto seized in the context of criminal proceedings.
Evgeny Masharov, member of the Russian Civic Chamber, has put forward this proposal with the aim of allocating the proceeds from confiscated cryptocurrencies to social, educational, and environmental projects.
Russia and the confiscation of crypto: a growing phenomenon
Masharov emphasized how the creation of a government cryptocurrency fund could represent an advantage for the country.
“The cryptocurrencies confiscated in the context of criminal proceedings must work to the benefit of the State”, he stated, as reported by the TASS news agency on March 20.
The idea is to use these assets in a strategic perspective, allocating them to causes of public utility and providing a more structured model compared to the current management of these assets.
The initiative emerged in the context of the growing attention of the Russi
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