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Russian Ministry of Justice Proposes Crypto Seizure Framework – Is a Russian Bitcoin Reserve Next?

  • Russian Ministry of Justice is proposing a crypto seizure framework that involves technical experts to evaluate preservation measures.
  • The draft law aims to formalize procedures for handling cryptocurrency in criminal procedures and treat it as physical property for seizure and subsequent confiscation.
  • The legislation may allow confiscation of cryptocurrency without compensating victims, potentially leading to the creation of a Russian Bitcoin Reserve.
  • Russia is leaning towards a pro-crypto stance, especially in international trade and de-dollarization efforts.

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