Russia Develops Legal Framework to Monetize Seized Bitcoin

The Russian Federal Bailiff Service (FSSP), collaborating with relevant stakeholders, is implementing a legal framework to convert confiscated bitcoins into state revenue. This follows a precedent set in a previous criminal case where bitcoins were seized as part of an investigation. Dmitry Aristov, head of the FSSP, revealed this initiative during a session of the Federation Council Committee on Constitutional Legislation and State Building.