Russian Prosecutor-General calls for international cooperation to combat the criminal use of cryptocurrencies

The Prosecutor-General of Russia, Igor Krasnov, called on colleagues to coordinate the fight against cybercrime, including hacker attacks and the criminal use of cryptocurrencies. He stated during a meeting with the president of the International Association of Prosecutors, Cholem-Kyu Hwan.

Krasnov also discussed with Azerbaijan’s Attorney General Kamran Aliyev ways to counter new cross-border crime schemes, including cyberattacks and ransomware.

In July Krasnov described ‘the criminal use of cryptocurrencies in the country’ as a serious challenge and stated that planned amendments to the Criminal Code of the Russian Federation on the confiscation of digital assets, obtained from crimes.

Earlier in April, former CIA officer Michael Morell, based on his own research, said that the scale of illegal Bitcoin operations was exaggerated.

According to Chainalysis, in 2020 the volume of crime-related cryptocurrency transactions fell to 0.34%, and their share of the turnover of decentralized exchanges by the end of last year stood at 0.024%.

Follow ForkLog’s Bitcoin news in our Telegram — cryptocurrency news, prices and analysis.