Russia Converts Seized Bitcoin for State Revenue Amid Legal Changes

Russia is taking a significant step towards regulating its crypto industry by converting seized Bitcoin into state revenue. Dmitry Aristov, Head of the Federal Executive Service, has spearheaded this process following the seizure of 1,032 BTC linked to a bribery case involving Marat Tambiev. The conversion initiative aims to generate valuable funds for the treasury, reflecting Russia’s efforts to establish a systematic approach to handling seized cryptocurrency assets. However, the broader legal framework remains in its early stages.