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02/09 02:22

Here’s why Russia’s investigating committee seeks

Here’s why Russia’s investigating committee seeks regulating Bitcoin as propertycrypto-news-Bitcoin-Russia-option03-1380x820.webp

Russia’s main federal investigating authority is proposing new legislation for Bitcoin that could potentially criminalize its transfer through third parties.Russia’s Investigative Committee has put forward a proposal that could potentially affect the country’s cryptocurrency market. In early February, the agency’s Chairman Alexander Bastrykin announced during an extended board meeting that the committee had proposed to legally recognize cryptocurrency as property, Russian news outlet Interfax reports.

He also suggested criminal liability for transferring electronic payment instruments to third parties. Russian legal experts interviewed by crypto.news divided on whether cryptocurrency falls under this term. But one thing is clear: if approved, the changes would lay out clear rules on how cryptocurrency can be seized or confiscated during investigations

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