Russia to Enforce Seizure of Cryptocurrencies in Criminal Cases

To combat financial crimes involving cryptocurrencies, Russia is modernizing its legal tools by proposing a bill that would classify digital assets as property. The move allows courts and investigators the authority to seize crypto holdings like hardware wallets or storage devices during investigations. This could involve freezing transactions during criminal proceedings. Deputy Justice Minister Vadim Fedorov outlined these measures at a national forum focusing on emerging technology risks, emphasizing the need for effective tools to address illicit activity involving cryptocurrencies.