President Vladimir Putin has granted Russian courts new authority to seize cryptocurrencies as part of the country’s efforts to regulate its crypto sector. This move involves a new law that amends Russia’s Criminal Code to recognize cryptocurrencies as intangible property and codifies existing protocols for digital asset seizure. Additionally, the law facilitates cooperation with foreign crypto exchanges and responds to ongoing government claims that Russian citizens spend $650 million daily on crypto trades. As the State Duma develops more comprehensive crypto regulations, educational programs are being implemented to equip legal professionals with the skills necessary to manage the complexities of cryptocurrency-related cases.
Putin empowers Russian courts to seize Bitcoin amid crypto crackdown
