The Prosecutor General’s Office of the Russian Federation is working on laws regulating the circulation of cryptocurrencies. RIA Novosti writes about this with reference to a statement by the head of the department, Igor Krasnov.
Rules have already been prepared that will make it possible to recognize digital assets as the subject of a crime and confiscate them.
“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,” Krasnov said.
The Prosecutor General noted that judicial practice in criminal cases, as a rule, recognizes digital currencies as property, that is, the subject of a bribe, but this is not enough to form a unified and sustainable law enforcement.
“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,” he explained.
In November, the Prosecutor General’s Office of the Russian Federation prepared a bill on the recognition of cryptocurrencies and other virtual assets as property for production under the Criminal Code.
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I am Derek Black, an author of World Stock Market. I have a degree in creative writing and journalism from the University of Central Florida. I have a passion for writing and informing the public. I strive to be accurate and fair in my reporting, and to provide a voice for those who may not otherwise be heard.