Russia Plans to Amend its Legislation to Allow Crypto Confiscation
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7 July
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Russian lawmakers are developing amendments to the current legislation aimed at enabling the confiscation of crypto assets, which have become sources of income from criminal activities, TASS has reported referring to statements by Russian Prosecutor General Igor Krasnov.

He has said the criminal use of cryptocurrencies in Russia is "a serious challenge,” and has highlighted the adoption of the law "On Digital Assets" as an important step in this direction. Krasnov added:

"We are developing a set of amendments to the country’s criminal code to allow authorities to seize crypto obtained from illegal activity."

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He noted that the crypto law adopted in Russia "On Digital Financial Assets" (DFA) has been a breakthrough in the fight against the problem, however, the new amendments to the criminal code would provide additional protection.

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