Russian Prosecutor General Igor Krasnov said that the Russian government is currently developing a number ofamendments to the country's criminal code, which will allow the authorities to confiscate cryptocurrency obtained as a result of illegal activities, the TASS news agency reports.
Speaking on Wednesday at a conference of the prosecutor's officeEuropean countries, Krasnov stressed that cryptocurrencies such as bitcoin (BTC) are increasingly used for corruption and bribery. The official said that cryptocurrency is also a tool for laundering appropriated budget funds.
«A serious challenge is the criminal use of cryptocurrencies in our country»- said Krasnov.
He added that the Law on Digital Financial Assets (DFA) adopted in Russia has played a decisive role in solving this problem, but new amendments to the criminal code will provide additional protection.
«This [amendments] will allow the application of restrictive measures and confiscation in relation to virtual assets»- said Krasnov.
Legislators have already begun work on changing the criminal procedural base. This is done in order for the state to receive the authority to seize digital currencies from persons recognized by the court as criminals.
However, according to some local industry experts, no amount of legislation will allow the government to confiscate crypto assets.
«Obviously, digital assets stored in wallets will not be confiscated like any other type of asset,– noted Nikita Soshnikov, a former senior lawyer at Deloitte in the CIS and director of Alfacash.
However, there is already one landmark case when FSB employees were found guilty of accepting bribes, and the court officially seized 0.1 and 4.70235 BTC».
Soshnikov added that Russia began to develop provisions for the confiscation of cryptocurrency back in 2019, many years before the adoption of the DFA law:
«The Office of the Attorney General remains a key participant in this project, and in this context, the current statement is a confirmation of the agreed plans».
Former Deputy Chairman of the Investigative Committee of Russia Igor Krasnov became the country's prosecutor general in early 2020. Since his appointment, he has been a staunch opponent of cryptocurrency.
Last year he claimed thatCybercrime in Russia is often carried out with the help of cryptocurrencies, and their number has increased 25 times since 2015. In October last year, he announced that Russian civil servants would be required to declare crypto assets on an equal basis with other assets.
Where is it more profitable to buy cryptocurrency? TOP-5 exchanges
For a safe and convenient purchase of cryptocurrencies with a minimum commission, we have prepared a rating of the most reliable and popular cryptocurrency exchanges that support deposits and withdrawals of funds inrubles, hryvnias, dollars and euros.
The reliability of the site is primarily determinedtrading volume and number of users. By all key metrics, the largest cryptocurrency exchange in the world is Binance. Binance is also the most popular crypto exchange in Russia and the CIS, since it has the largest cash turnover and supports transfers in rubles from bank cardsVisa / MasterCardand payment systemsQIWI, Advcash, Payeer.
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Rating of cryptocurrency exchanges:
| # | Exchange: | Website: | Rating: |
|---|---|---|---|
| 1 | Binance (Editor's Choice) | https://binance.com | 9.7 |
| 2 | Bybit | https://bybit.com | 7.5 |
| 3 | OKEx | https://okex.com | 7.1 |
| 4 | Exmo | https://exmo.me | 6.9 |
| 5 | Huobi | https://huobi.com | 6.5 |
The criteria by which the rating is set in our rating of crypto-exchanges:
- Work reliability— stability of access to all functions of the platform, including uninterrupted trading, deposits and withdrawals of funds, as well as the duration of the market and daily trading volume.
- Commissions– the amount of commission for trading operations within the platform and withdrawal of assets.
- Feedback and support– we analyze user reviews and the quality of technical support.
- Convenience of the interface– we evaluate the functionality and intuitiveness of the interface, possible errors and failures when working with the exchange.
- Platform Features– availability of additional features — futures, options, staking, etc.
- final grade– the average number of points for all indicators determines the place in the ranking.
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