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Preparation of a New Draft for Bitcoin (BTC) and Altcoins from Russia! Here are the details...
After the invasion of Ukraine, in response to the imposed sanctions, Russia, which is approaching Bitcoin (BTC) and cryptocurrencies, is making new regulations.
According to local news agency Tass, the Russian Ministry of Justice has prepared a bill that classifies Bitcoin and cryptocurrencies as seizable assets.
This draft facilitates the confiscation and subsequent forfeiture processes of cryptocurrencies such as Bitcoin and classifies them as property.
The bill was first introduced by Russia's Deputy Minister of Justice Vadim Fedorov at the ( St. Petersburg International Legal Forum ).
Fedorov stated that this bill will outline the necessary procedures and considerations for facilitating and accelerating the confiscation of BTC and cryptocurrencies.