#Brokoli The authorities of Russia have approved the recognition of cryptocurrency as property and the mechanisms for its seizure in criminal cases. The bill amends the Criminal Code and the Criminal Procedure Code of the Russian Federation.
Key provisions:
— Cryptocurrency is recognized as property for the purposes of the Criminal and Criminal Procedure Codes.
— Investigators seize devices with cryptocurrency or access codes, as well as transfer funds to a special address.
— The choice of seizure method depends on the type of storage (cold or hot wallets).
— Seizure is carried out with the participation of a specialist to ensure the safety of the cryptocurrency.
However, experts note that the Federal Bailiff Service currently lacks effective mechanisms for enforcement and conversion of cryptocurrency into fiat money. These procedures are in the initial stage. Establishing the status of digital currency as property may improve the situation.