RATE Group | Russia Prepares Law to Allow Cryptocurrency Confiscation
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Russia Prepares Law to Allow Cryptocurrency Confiscation

09 Nov Russia Prepares Law to Allow Cryptocurrency Confiscation

Posted at 09:49h in Cryptocurrency News by

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According to local reports, Russia’s Ministry of Internal Affairs and other law enforcement agencies are developing proposals to confiscate cryptocurrencies. These proposals could evolve into Russian laws as soon as 2021. 

“Russia plans to develop a legal mechanism for the seizure of virtual assets for their confiscation,” according to a translated report from RBC. “The relevant proposals should be prepared by December 31, 2021 by the Ministry of Internal Affairs together with [federal financial monitoring branch] Rosfinmonitoring, the Prosecutor General’s Office, the Investigative Committee, the Justice Ministry … the Federal Customs Service and the Federal Security Service with the participation of the Supreme Court.”

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