Head of Belarusian Investigative Committee on cryptocurrency seizures

The Investigative Committee of Belarus is already actively seizing cryptocurrencies. This was stated by the head of the agency, Dmitry Hora, in an interview with local media.

According to him, investigators have faced the need to seize crypto assets in light of their use in various kinds of crimes:

“What is cryptocurrency? As my more advanced subordinates say — digital garbage. Based on this, I set the task: our state needs money to reimburse the damage caused, let’s think about how to turn garbage into money. I won’t go into the details, but we have learned how to do it.”

He noted that both state agencies and commercial organisations are involved in the process.

Hora stated that as a result of the department’s actions more than a hundred million rubles “in normal money” are already on the Investigative Committee’s accounts.

Earlier in April, the Belarusian Ministry of Justice defined the procedure for confiscating digital currencies as part of enforcement proceedings. The document was adopted to implement the directive on creating a registry of Bitcoin wallets, used in illicit activity.

According to lawyers, the mechanisms for confiscation and subsequent sale of digital assets described in the decree are unclear and require clarification.

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