{"id":131523,"date":"2021-07-08T06:43:28","date_gmt":"2021-07-08T06:43:28","guid":{"rendered":"https:\/\/precoinnews.com\/?p=131523"},"modified":"2021-07-08T06:43:28","modified_gmt":"2021-07-08T06:43:28","slug":"russia-drafting-law-on-confiscation-of-crypto-assets-regulation-bitcoin-news","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/crypto\/russia-drafting-law-on-confiscation-of-crypto-assets-regulation-bitcoin-news\/","title":{"rendered":"Russia Drafting Law on Confiscation of Crypto Assets &ndash; Regulation Bitcoin News"},"content":{"rendered":"<p><strong>Russian Prosecutor General Igor Krasnov has revealed that legislative amendments are being prepared on the confiscation of crypto assets. &ldquo;A serious challenge is the criminal use of cryptocurrencies in our country,&rdquo; he said.<\/strong><\/p>\n<ul>\n<li>Russia is preparing amendments to the current legislation to allow for the confiscation of crypto assets found to be proceeds from crime, Tass reported Wednesday.<\/li>\n<li>The announcement came from the prosecutor general of the Russian Federation, Igor Krasnov. He was speaking at a conference of heads of prosecutor&rsquo;s offices of European states in St. Petersburg Wednesday. The event is co-organized by the Council of Europe and the International Association of Prosecutors.<\/li>\n<li>Krasnov said that virtual assets have become a source of income for criminals, emphasizing that cryptocurrencies are being used for corruption, including bribery. &ldquo;The latency of these criminal acts has recently been aggravated by the use of crypto assets as bribes,&rdquo; he asserted, adding that cryptocurrency exchanges have been used as &ldquo;a way of laundering stolen funds.&rdquo;<\/li>\n<\/ul>\n<ul>\n<li>The prosecutor general noted that the adoption of the law on digital assets in July last year was &ldquo;a significant step in overcoming this problem.&rdquo; He was quoted as saying:<\/li>\n<\/ul>\n<blockquote>\n<p>A serious challenge is the criminal use of cryptocurrencies in our country &hellip; Currently, work is underway to amend the criminal procedural legislation.<\/p>\n<\/blockquote>\n<p>Source: <a href=\"https:\/\/news.bitcoin.com\/russia-drafting-law-confiscation-crypto-assets\/\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Russian Prosecutor General Igor Krasnov has revealed<\/p>\n","protected":false},"author":3,"featured_media":131522,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Russia Drafting Law on Confiscation of Crypto Assets &ndash; 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