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Putin signs new bill granting Russian courts the authority to confiscate Bitcoin and other cryptocurrencies in criminal investigations
Deep Tide TechFlow News, February 25 — According to DL News, Russian President Vladimir Putin has signed a new law granting Russian courts new powers to confiscate cryptocurrencies during criminal investigations. The law will amend the Russian Criminal Code to recognize cryptocurrencies as a form of intangible property.
Elena Ardabyeva, Deputy Minister of the Russian Ministry of Justice, stated that the law formally incorporates existing digital asset confiscation agreements into the legal framework and provides legal channels for cooperation with foreign cryptocurrency exchanges. The law stipulates that requests from police or prosecutors to confiscate cryptocurrencies must include detailed information such as the type of tokens, quantity, and wallet address. Experts suggest that the Kremlin may begin restricting citizens’ access to overseas cryptocurrency exchanges starting this year.