Russia to Bring More Legislation to Crypto — New Bill Allows Crypto Confiscation.
08 Jul 2021, 16:27
Russia to Bring More Legislation to Crypto — New Bill Allows Crypto Confiscation
Russian officials aim to develop a new set of amendments that would authorize the government to confiscate crypto assets, as per a report by a local media outlet. Igor Krasnov, the Prosecutor General of Russia, asserted that the new bill would essentially target the cryptocurrencies used in illegal activities.
Krasnov, who was speaking at a conference yesterday, July 7, asserted that crypto assets have been increasingly associated with illicit activities. He claimed that major cryptocurrencies like Bitcoin have been used for crimes like bribery, laundering stolen funds, and other prohibited actions.