- Russia seeks to classify cryptocurrency as property to combat digital asset crimes.
- Legal recognition of crypto aims to enhance law enforcement’s seizure capabilities.
- Past rulings set precedents for stricter regulations on digital currencies in Russia.
Russia’s Supreme Court is pushing forward with plans to classify cryptocurrency as property in criminal cases. The goal is to strengthen legal tools against crypto-related crimes. As digital assets become more common in illegal activities, law enforcement struggles to track and confiscate illegal funds.
This new plan aims to create a clear legal system for dealing with digital currencies in criminal proceedings. Chairperson Irina Podnosova highlighted the need for this change during a recent meeting with judges and President Vladimir Putin, pointing to the increase in crimes involving cryptocurrency.
Legal Framework Upgrade for Crypto Crime
With digital currencies becoming more widely used, authorities have faced obstacles in prosecuting crimes connected to crypto assets. Digital currencies often act as tools for criminal activities, including money laundering and fraud. Seeing cryptocurrency as pro…
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