Russia Brings Crypto Under Criminal Code With New Seizure Law
Share:
Russia officially recognizes cryptocurrencies as intangible property, allowing courts to seize crypto in criminal cases. The law clarifies the legal status of digital assets and codifies seizure practices, enhancing legal frameworks surrounding crypto operations.
- Vladimir Putin signed a law formally recognizing cryptocurrencies as intangible property.
- The new amendment will allow courts to seize crypto in criminal cases.
- The move comes as Russia weighs blocking foreign crypto exchanges.
Vladimir Putin has signed a law granting Russian courts formal authority to seize cryptocurrencies in criminal investigations.
The amendment to Russia’s Criminal Code and Criminal Procedure Code recognizes crypto assets as intangible property. This changes the status of digital assets from a gray area into defined legal territory.
Previously, authorities relied on legal precedent to confiscate Bitcoin, Ethereum, and altcoins. Now, the procedures are written directly into law.
As per reports, Deputy Justice Minister Elena Ardabyeva said the legislation codifies existing seizure practices and creates legal grounds for cooperation with…
Read The Full Article Russia Brings Crypto Under Criminal Code With New Seizure Law On Coin Edition.
In This News
Coins
$ 68.08K
+6.30%
$ 2.06K
+11.5%Share:
In This News
Coins
$ 68.08K
+6.30%$ 2.06K
+11.5%Share:
Read More
Sen. Blumenthal Probes Binance Over Iran, Russia Sanctions Claims
Bitcoin snaps back near $69,000 but analysts warn the market may not be out of the woods yet
Russia Brings Crypto Under Criminal Code With New Seizure Law
Share:
Russia officially recognizes cryptocurrencies as intangible property, allowing courts to seize crypto in criminal cases. The law clarifies the legal status of digital assets and codifies seizure practices, enhancing legal frameworks surrounding crypto operations.
- Vladimir Putin signed a law formally recognizing cryptocurrencies as intangible property.
- The new amendment will allow courts to seize crypto in criminal cases.
- The move comes as Russia weighs blocking foreign crypto exchanges.
Vladimir Putin has signed a law granting Russian courts formal authority to seize cryptocurrencies in criminal investigations.
The amendment to Russia’s Criminal Code and Criminal Procedure Code recognizes crypto assets as intangible property. This changes the status of digital assets from a gray area into defined legal territory.
Previously, authorities relied on legal precedent to confiscate Bitcoin, Ethereum, and altcoins. Now, the procedures are written directly into law.
As per reports, Deputy Justice Minister Elena Ardabyeva said the legislation codifies existing seizure practices and creates legal grounds for cooperation with…
Read The Full Article Russia Brings Crypto Under Criminal Code With New Seizure Law On Coin Edition.
In This News
Coins
$ 68.08K
+6.30%$ 2.06K
+11.5%Share:
In This News
Coins
$ 68.08K
+6.30%$ 2.06K
+11.5%Share:
Read More
Sen. Blumenthal Probes Binance Over Iran, Russia Sanctions Claims