ChainCatcher reports that, according to Kommersant, Russian President Vladimir Putin has signed a new law granting Russian courts new powers to confiscate cryptocurrencies in criminal investigations.
The law will amend the Russian Criminal Code to classify cryptocurrencies as intangible property. Elena Ardabyeva, Deputy Minister of the Russian Ministry of Justice, stated that the law will formally incorporate existing digital asset confiscation agreements into the legal framework and provide legal channels for cooperation with foreign cryptocurrency exchanges. The law stipulates that requests from police or prosecutors to confiscate cryptocurrencies must include detailed information such as the type of tokens, quantity, and wallet address. Experts say that the Kremlin may begin restricting citizens’ access to overseas cryptocurrency exchanges starting this year.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
