June 20, 2025

The legal mechanism for the seizure of cryptocurrencies will appear in Russia !!!

A legal mechanism for seizing cryptocurrencies will appear in Russia by the end of 2021The legal mechanism for the seizure of cryptocurrencies will appear in Russia !!!
Ministry of Internal AffairsIt was announced to Russia that the legal mechanism for the seizure of cryptocurrencies, over which the department and several other government agencies are working, will be submitted before the end of 2021.

"In the decision of the board of the Ministry of the InteriorThe Russian Federation has included a clause providing for instructions to interested departments of the Ministry of Internal Affairs of Russia in cooperation with federal executive bodies with the participation of the Supreme Court of the Russian Federation to formulate proposals on the legal mechanism for the seizure of virtual assets in order to confiscate them by the end of 2021, ”the statement said.

The Ministry of Internal Affairs is working on a mechanism for the seizure of crypto assets together with Rosfinmonitoring, the General Prosecutor's Office, the Investigative Committee, the Ministry of Justice, the FSB, the Federal Customs Service and the Federal Security Service, with the participation of the Supreme Court.

Let us remind you that for the first time about the development of the mechanismthe arrest of cryptocurrencies in Russia became known in early November. It was noted then that the number of crimes using cryptoassets is growing steadily, so it is necessary to develop an appropriate mechanism for their confiscation by court decision.

source: https: //bits.media/pravovoy-mekhanizm-aresta-kriptovalyut-poyavitsya-v-rossii-do-kontsa-2021-goda/

Gentlemen, the conclusions from this article are disappointing for Russian crypto investors!!