Russia Brings Crypto Under Criminal Code With New Seizure Law

• Vladimir Putin signed a law formally recognizing cryptocurrencies as intangible property.
• The new amendment will allow courts to seize crypto in criminal cases.
• The move comes as Russia weighs blocking foreign crypto exchanges.

Vladimir Putin has signed a law granting Russian courts formal authority to seize cryptocurrencies in criminal investigations.

The amendment to Russia’s Criminal Code and Criminal Procedure Code recognizes crypto assets as intangible property. This changes the status of digital assets from a gray area into defined legal territory.

Previously, authorities relied on legal precedent to confiscate Bitcoin, Ethereum, and altcoins. Now, the procedures are written directly into law. 

As per reports, Deputy Justice Minister Elena Ardabyeva said the legislation codifies existing seizure practices and creates legal grounds for cooperation with…

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