The Prosecutor General's Office of Russia has drafted regulations for the confiscation of illegally obtained cryptocurrency
The agency also advocates the introduction of the concept of “cryptocurrency” into the criminal law space
09.12.2021 - 07:15
299
1 min
0
The agency also advocates the introduction of the concept of “cryptocurrency” into the criminal law space.
What’s new? Prosecutor General of Russia Igor Krasnov has said that the country is developing laws that will regulate the circulation of cryptocurrencies. They aim to legally enable the arrest and confiscation of virtual assets that are in illegal circulation. This is reported by RIA Novosti.
Material on the RIA Novosti website
What did the official say? According to the Prosecutor General, the agency also advocates the introduction of the concept of “cryptocurrency” into the criminal law space.
“Even though judicial practice in criminal cases follows towards recognizing cryptocurrencies as property, that is, the subject of a bribe, it still cannot be recognized as a sufficient circumstance to form a unified and sustainable law enforcement,” Krasnov stressed.
What had happened before? In November, the Prosecutor General's Office drafted a bill to recognize cryptocurrencies and other digital assets as property for proceedings under the Criminal Code.
Useful material?
Market
Tether Finance division will be responsible for the issuance and redemption of USDT stablecoins
Apr 18, 2024
Trends
The first project introduced on the platform will be BounceBit (BB)
Apr 18, 2024
Business
The rate exchange of the native ACH token reacted with a 10% increase
Apr 18, 2024
Market
Miners are hunting for the first block after halving as the value of the first satoshi could exceed $1 million
Apr 18, 2024
Market
The platform will be non-custodial and accessible to everyone
Apr 15, 2024
Market
China Asset Management, Harvest Global Investments, and Bosera Asset Management have received permits
Apr 15, 2024