Russian Law Enforcement Prepares to Seize Crypto Assets, Seeks Permission to Set Up Wallets

04/10 01:35

According to News.bitcoin, the Prosecutor General’s Office of the Russian Federation is proposing to allow investigative bodies to set up crypto accounts and wallets under their control for storing seized digital coins that can later be sold for the benefit of the state. Speaking in the Federation Council, the upper house of Russian parliament, a representative of the Office’s Main Criminal Procedural Department, Madina Dolgieva, insisted that there’s no need to even change the law to grant such powers. This can be done through a government decree, Dolgieva elaborated. “It is not necessary to make changes to the Criminal Procedure Law because this is a lengthy process,” the law enforcement official explained. She also believes that it’s necessary to issue a separate government decree or amend the current law governing enforcement proceedings in order to authorize the Russian Federal Bailiff Service to auction seized cryptocurrency.
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