Summary
- Reports said Russian President Vladimir Putin has signed a bill allowing the seizure of crypto assets during criminal investigations.
- The bill classifies crypto assets as intangible property, providing a legal basis for investigative authorities to lawfully seize and freeze digital assets tied to suspected criminal activity.
- The law provides a legal channel for cooperation with overseas crypto exchanges, and Russia is pursuing the creation of a taxation system for Bitcoin (BTC) miners and revisions to its regulatory approach.
On the 24th (local time), crypto-focused media outlet DL News, citing local reports, said Russian President Vladimir Putin has signed a bill allowing the seizure of crypto assets during criminal investigations.
According to the outlet, President Putin signed a new bill amending the criminal code to classify crypto assets as a form of intangible property. This provides a legal basis for investigative authorities to lawfully seize and freeze digital assets linked to suspected criminal activity.
The law is also said to provide a legal channel for cooperation with overseas crypto exchanges.
Russia has recently been pushing to overhaul its legal and regulatory framework for crypto assets, including establishing a taxation system for Bitcoin (BTC) miners and revising regulatory approaches.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
