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02/08 12:04

Here’s why Russia’s Investigative Committee seeks

Here’s why Russia’s Investigative Committee seeks to regulate Bitcoin as property

Russia’s main federal investigative agency is proposing new legislation for Bitcoin that could criminalize the transfer of Bitcoin through third parties. Russia’s Investigative Committee has come up with a proposal that could affect the country’s cryptocurrency market. In early February, the agency’s chairman, Alexander Bastrykin, announced at an extended board meeting that the committee had proposed legally recognizing cryptocurrencies as property, Russian news outlet Interfax reported.

He also suggested criminal liability for the transfer of electronic payment instruments to third parties. Russian legal experts interviewed by crypto.news were divided on whether cryptocurrencies fall under this term. But one thing is clear: If approved, the changes would establish clear rules for how cryptocurrency can be seized or confiscated during investigations

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