Russia civic chamber proposes dedicated fund for confiscated crypto assets

Evgeny Masharov, a member of the Russian Civic Chamber, said that forfeited crypto “should work for the benefit of the government.”

Amid the growing adoption of cryptocurrency reserves in countries like the United States, legal activists in Russia are pushing to create a potential crypto fund.

Evgeny Masharov, a member of the Russian Civic Chamber, has proposed creating a government cryptocurrency fund that would include assets confiscated from criminal proceedings.

The projected cryptocurrency fund would aim for revenues for the government, targeting social projects, Masharov said, according to a March 20 report by the local news agency TASS.

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