The move comes as the country modernizes its legal tools to combat financial crimes involving cryptocurrencies.

Deputy Justice Minister Vadim Fedorov announced the bill during a national legal forum focused on emerging tech risks.

Under the draft law, cryptocurrencies will be classified as property, giving courts and investigators the legal backing to confiscate them.

Officers could seize hardware wallets, storage devices, and other tools that provide access to digital assets. Courts may also issue orders to freeze transactions during investigations.

Fedorov said seizure methods would vary depending on the type and storage method of the crypto asset involved.

The Ministry of Justice wants to eliminate legal blind spots that hinder police from taking action against criminals using crypto.

Fedorov emphasized that this law would give investigators a more effective way to manage and secure digital currencies involved in illegal activity.

Russia has stepped up its regulatory focus on digital assets in recent years. This proposal is just one part of a broader push to tighten control over crypto’s role in money laundering, fraud, and illicit finance.

If passed, the bill could shift how Russian courts and investigators handle cryptocurrencies—and further signal state-backed efforts to regulate the digital economy.

The post Russia Moves to Legalize Crypto Seizure in Crime Cases appeared first on Coindoo.

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Filed under: Bitcoin - @ May 21, 2025 4:16 pm