Prosecutor General Igor Krasnov said that the Prosecutor General’s Office has already developed laws allowing for the confiscation of cryptocurrency.
We have developed amendments to a number of regulatory legal acts so that cryptocurrencies in illegal circulation are not only recognized as the subject of a crime, but also there was a legal possibility of their arrest and confiscation.
In addition, Krasnov noted the need to introduce the very concept of cryptocurrency into the criminal legal space.
For example, despite the fact that judicial practice in criminal cases follows the path of recognizing cryptocurrency as property, that is, the subject of a bribe, it still cannot be recognized as a sufficient circumstance for the formation of a unified and sustainable law enforcement. In my opinion, this should be facilitated by the introduction of the concept of cryptocurrencies and other virtual assets into the criminal legal space by fixing the relevant norms in the legislation. Moreover, in relation to its individual industries, such solutions have already been implemented.
There are no details about the changes developed by the Prosecutor General’s Office, and it is also unclear when the changes will be approved.
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