Russian lawmakers prepare legal amendment to confiscate crypto
Russia’s prosecutor general, Igor Krasnov, says new crypto regulations are needed to combat corruption as — in his view — digital assets are often used to facilitate crime. Russian lawmakers are working on new legislation that would allow the government to confiscate cryptocurrencies, according to a senior official.Russian Prosecutor General Igor Krasnov claimed that the government is now developing a set of amendments to the country’s criminal code to allow authorities to seize crypto obtained from illegal activity, local news agency TASS reported.Speaking at a conference of prosecutors’....
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Lawmakers from the Liberal Democratic Party of Russia are gearing up to introduce a draft law designed to regulate crypto mining. The nationalists say the legislation will benefit both Russian citizens and the state, as well as those who want to get involved in the business legally. Nationalists Propose Regulations for Russian Crypto Miners The popularity of cryptocurrencies, rising with their market value, has drawn the attention of the nationalist faction in the State Duma, the lower house of Russian parliament. “Unsecured” bitcoin is now trading at $68,000 per coin, one....