PANews reported on February 22 that the Russian Supreme Court is pushing to classify digital currencies as assets in criminal cases, aiming to enhance law enforcement's ability to track, freeze, and seize illegal digital assets. The Supreme Court is involved in formulating a "legislative initiative aimed at treating digital money as assets in criminal proceedings," which could enhance law enforcement's ability to deal with crypto-related crimes. This is not the first time the Russian Supreme Court has dealt with digital money issues in legal proceedings. In 2019, the Court ruled that if digital money is obtained through illegal activities, especially in cases related to drug trafficking, converting Bitcoin to rubles constitutes money laundering. The Court's decisions clearly indicate that digital money may fall within existing laws related to anti-money laundering. Furthermore, in 2021, the Court ruled that the electronic currency WMZ used in the Webmoney Transfer system is considered a legal civil object, opening the door to treating digital money as a legal asset in Russia. These initial decisions indicate that the Russian Supreme Court is making efforts to integrate digital money into the country's judicial framework.
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TerryDavis
· 02-23 13:24
I hope government involvement doesn't affect crypto negatively.
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PANews reported on February 22 that the Russian Supreme Court is pushing to classify digital currencies as assets in criminal cases, aiming to enhance law enforcement's ability to track, freeze, and seize illegal digital assets. The Supreme Court is involved in formulating a "legislative initiative aimed at treating digital money as assets in criminal proceedings," which could enhance law enforcement's ability to deal with crypto-related crimes. This is not the first time the Russian Supreme Court has dealt with digital money issues in legal proceedings. In 2019, the Court ruled that if digital money is obtained through illegal activities, especially in cases related to drug trafficking, converting Bitcoin to rubles constitutes money laundering. The Court's decisions clearly indicate that digital money may fall within existing laws related to anti-money laundering. Furthermore, in 2021, the Court ruled that the electronic currency WMZ used in the Webmoney Transfer system is considered a legal civil object, opening the door to treating digital money as a legal asset in Russia. These initial decisions indicate that the Russian Supreme Court is making efforts to integrate digital money into the country's judicial framework.