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Russia Unveils Plan to Convert Seized Bitcoin into State Revenue

Summary by Bitcoin Ethereum News
The post Russia Unveils Plan to Convert Seized Bitcoin into State Revenue appeared on BitcoinEthereumNews.com. ​Russian bailiffs have recently been granted the authority to convert confiscated Bitcoin from criminal activities into state revenue. The Russian government has seized millions in cryptocurrency from illicit activities, but existing laws lack clear guidelines on their management or allocation. As nations increasingly integrate cryptocu…
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Bitcoin Ethereum NewsBitcoin Ethereum News

Russia Unveils Plan to Convert Seized Bitcoin into State Revenue

The post Russia Unveils Plan to Convert Seized Bitcoin into State Revenue appeared on BitcoinEthereumNews.com. ​Russian bailiffs have recently been granted the authority to convert confiscated Bitcoin from criminal activities into state revenue. The Russian government has seized millions in cryptocurrency from illicit activities, but existing laws lack clear guidelines on their management or allocation. As nations increasingly integrate cryptocu…

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Crypto News FlashCrypto News Flash

Russia Unveils Plan to Convert Seized Bitcoin into State Revenue - Crypto News Flash

​Russian bailiffs have recently been granted the authority to convert confiscated Bitcoin from criminal activities into state revenue. The Russian government has seized millions in cryptocurrency from illicit activities, but existing laws lack clear guidelines on their management or allocation. As nations increasingly integrate cryptocurrency into their financial systems, Russia, under Vladimir Putin’s leadership, appears to be taking a unique a…

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CryptopolitanCryptopolitan

Russia looking to appropriate over 1,000 BTC seized in precedent-setting criminal case

Authorities in Russia are pondering how to convert nearly $90 million worth of seized bitcoin (BTC) into revenue for the state coffers. The cryptocurrency has been confiscated as part of criminal proceedings against a former investigator convicted of corruption. Officials say the case sets a precedent in the Russian Federation as it involves the forfeiture of a large amount of money in the form of digital coins. They have also urged the governme…

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coinstats.appcoinstats.app

CoinStats - Russia Bitcoin Regulations Update: How Marat ...

​Russia continues to build legal mechanisms which would permit the sale of Bitcoins alongside other seized cryptocurrencies from criminal cases. Dmitry Aristov, who leads the Federal Bailiff Service, has stated that authorities work on developing methods which allow digital assets seized by authorities to become state revenue. Russia Bitcoin regulations are tightening, with authorities seizing cryptocurrencies worth millions, including the infam…

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coinstats.app broke the news in on Thursday, April 3, 2025.
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