Putin signs new law, Russian courts gain authority to confiscate cryptocurrency in criminal investigations

Techub News reported, according to Russia's Kommersant, Russian President Vladimir Putin signed a new law amending the Criminal Code, recognizing cryptocurrencies as a form of intangible property, formally granting courts the power to confiscate cryptocurrencies in criminal investigations. Russian Deputy Minister of Justice Elena Ardabyeva stated that the law incorporates existing digital asset confiscation practices into the legal framework and provides a legal basis for cooperation with overseas cryptocurrency exchanges. When police or prosecutors file a confiscation request, they must specify details such as the token type, quantity, and wallet address.