Bitcoin Seizure Bill Russia Drafts

Russia Drafts Bill to Seize Digital Currencies in Criminal Cases

• Russia’s Ministry of Justice is developing a framework to control and confiscate digital currencies linked to illicit activities.
• The proposed legislation allows law enforcement to seize access codes and block transactions.
• Digital currencies, like Bitcoin, will be treated as property that can be seized in criminal investigations.
• The bill permits the seizure of physical devices containing access to digital currencies.
• The legislation aims to close legal loopholes and modernize criminal justice tools related to digital assets.

Russia’s Ministry of Justice has drafted a bill allowing the seizure of digital currencies as property in criminal cases, aiming to close legal loopholes and enhance law enforcement capabilities.