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

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Russian Law Enforcement Prepares to Seize Crypto Assets, Seeks Permission to Set Up Wallets – Bitcoin News
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Russian prosecutors prepare to seize crypto assets, seek permission to set up wallets.

This would allow law enforcement agencies to seize digital assets during criminal cases and eventually sell them, something that authorities in the United States and Europe already do.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.

“The Prosecutor General’s Office has consistently advocated for the development and optimization of the confiscation mechanism as another procedural measure,” Dolgieva said during a round table discussion. She was quoted by the Interfax news agency as stating: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.

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