The Prosecutor-General’s Office of Russia is working on laws regulating the circulation of cryptocurrencies. Reports by RIA Novosti, citing the agency’s head, Igor Krasnov.
The norms have already been prepared that would allow digital assets to be recognised as the object of a crime and to be confiscated.
“We have developed amendments to a number of regulatory legal acts so that cryptocurrencies circulating illegally are not only recognised as the object of a crime, but there is a legal possibility to seize and confiscate them,” Krasnov said.
The Prosecutor-General noted that case law in criminal matters generally recognises digital currencies as property, that is, as the subject of a bribe, but this is insufficient for forming a unified and stable practice in applying the law.
“This should be facilitated by introducing the concept of cryptocurrencies and other virtual assets into the criminal-law space by enshrining the relevant norms in legislation,” he explained.
In November, the Prosecutor-General’s Office prepared a recognize cryptocurrencies and other virtual assets as property bill for proceedings under the Criminal Code.
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