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Russian Criminal Code to Be Updated with Crypto-Related Provisions

  • Russia plans to expand its criminal code with crypto-related provisions to enable law enforcement agencies to confiscate cryptocurrencies during criminal investigations.
  • The Russian government aims to define terms related to cryptocurrencies in the Criminal Code and the Criminal Procedure Code to enhance the investigation of related cases.
  • Authorities are concerned about the lack of clear guidelines for dealing with crypto-related crimes and legal issues, such as ownership, storage, and legal injunctions involving crypto wallets.
  • In addition to updating the criminal code, Russian officials are considering the establishment of a state-controlled stablecoin linked to foreign currencies to decrease reliance on Western-controlled digital assets.

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