ChainCatcher reports that, according to Bitsmedia, the Russian State Duma has passed a law in the third and final reading that clearly defines the procedures for confiscating and freezing cryptocurrencies in criminal cases.
The bill confirms the legal status of cryptocurrencies as property, requiring detailed records of asset type, quantity, and wallet addresses during confiscation. The bill allows confiscated cryptocurrencies to be transferred to a designated national wallet and authorizes government agencies to cooperate with overseas exchanges to enforce confiscation measures. The bill still requires approval from the Federation Council and the president’s signature, and will take effect 10 days after official publication. Previously, the Russian Constitutional Court had allowed citizens to protect their digital currency rights in court, even if not declared to tax authorities.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Bitcoin Policy Institute calls for revising U.S. tax rules that currently treat all BTC payments as capital gains
Gate News reports that on March 13, the Bitcoin Policy Institute called for modifications to current U.S. tax rules. Under existing regulations, all payments made using BTC are treated as capital gains transactions, requiring the payment of corresponding taxes. The institute argues that this regulation limits the practical application of Bitcoin as a means of payment.
GateNews1h ago
The first list of "Stablecoin Licenses" in Hong Kong is about to be announced! Rumors suggest they will go to HSBC, Standard Chartered, and OSL.
Hong Kong's first batch of "Stablecoin Issuer License" list will be announced next week. The three main applicants are HSBC, Standard Chartered Bank, and virtual asset platform OSL. This licensing round may favor banks due to their capital strength and regulatory advantages, while OSL possesses rich practical experience. Although rumors suggest the main list is finalized, the actual situation may still change.
区块客1h ago
US Crypto Regulatory "Civil War" Ceasefire: SEC and CFTC's Decade-Long Power Struggle Reaches a Turning Point
The U.S. cryptocurrency industry has long faced regulatory confusion, primarily reflected in the determination of crypto asset classification and the division of regulatory authority. Divergences between the SEC and CFTC have created multiple regulatory challenges for enterprises. Recently, the two agencies signed a memorandum of understanding to begin coordinating efforts to resolve regulatory conflicts and promote the establishment of an adaptive regulatory framework, aimed at forming a comprehensive digital asset regulatory system. This marks a gradual clarification of rule-making in America's digital finance era.
PANews2h ago
SEC and CFTC Sign MOU to Align Crypto Oversight Rules
SEC and CFTC signed an MOU to coordinate crypto oversight and align regulatory frameworks across digital asset markets.
Agreement supports data sharing, joint enforcement coordination, and clearer guidance for crypto firms.
Initiative links to the Harmonization plan and CLARITY Act
CryptoFrontNews2h ago
HSBC and Standard Chartered Expected to Receive Hong Kong’s First Stablecoin Licenses
HSBC and Standard Chartered are set to receive Hong Kong's first stablecoin licenses, supporting the region's aim to become a regulated global crypto hub. This move aligns with the HKMA's initiative to create a controlled digital-asset ecosystem.
TheNewsCrypto3h ago
Illegal Amazon Gold Deals in Venezuela Settled With USDT
Venezuela is emerging as a key hub for illegal gold trade from the Amazon, with transactions increasingly conducted in USDT due to its speed and ease. This shift complicates tracking efforts and is linked to criminal activities, environmental damage, and international sanctions.
Coinfomania4h ago
