Russian President Putin has signed a law granting courts new powers to confiscate cryptocurrencies such as Bitcoin and Ethereum as intangible property during criminal investigations. The law regulates the confiscation process, requiring detailed confiscation applications, and allows law enforcement to transfer assets to state-controlled wallets. Additionally, the law establishes a legal framework for cooperation with foreign exchanges, which is part of Russia's broader initiative to regulate the cryptocurrency sector. It is estimated that the average daily trading volume in Russia's cryptocurrency market reaches $650 million.