ChainCatcher reports that, according to Bitsmedia, the Russian State Duma has passed a law in the third and final reading that clearly defines the procedures for confiscating and freezing cryptocurrencies in criminal cases.
The bill confirms the legal status of cryptocurrencies as property, requiring detailed records of asset type, quantity, and wallet addresses during confiscation. The bill allows confiscated cryptocurrencies to be transferred to a designated national wallet and authorizes government agencies to cooperate with overseas exchanges to enforce confiscation measures. The bill still requires approval from the Federation Council and the president’s signature, and will take effect 10 days after official publication. Previously, the Russian Constitutional Court had allowed citizens to protect their digital currency rights in court, even if not declared to tax authorities.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
US SEC and CFTC Join Forces to Release Major Guidance, Clarifying the Securities vs. Non-Securities Boundary for Crypto Assets
The U.S. Securities and Exchange Commission (SEC) released a formal 68-page interpretive guidance document explaining how federal securities laws apply to specific crypto assets. The document states that many crypto assets themselves are not securities, but may be subject to regulation in certain contexts due to involvement in "investment contracts." Additionally, the SEC and CFTC established a crypto asset classification framework that emphasizes the concept of non-security crypto assets and provides clear definitions for activities such as protocol mining and staking, aiming to provide the market with clearer regulatory guidance.
区块客48m ago
Canada Cracks Down Hard on Crypto Industry: 47 Related Enterprises Shut Down, Regulatory Upgrade Targets Money Laundering Risks
Canada's cryptocurrency industry faces tightening regulations, with approximately 50 money services business registrations revoked since 2026, of which 47 involved crypto operations. FINTRAC has cancelled credentials for 23 enterprises, while the Finance Minister emphasized combating money laundering and financial crime, with plans to enhance regulatory transparency in the future. Despite crypto-related illegal transactions accounting for less than 1% of illicit flows, traditional finance remains the primary money laundering channel. Non-compliant enterprises face severe penalties, requiring companies to strengthen compliance systems to reduce operational risks.
GateNews1h ago
US IRS Extends Crypto Tax Exemption for One Year, FIFO Mandatory Rule Delayed Until End of 2026
The U.S. Internal Revenue Service has extended the temporary exemption on cryptocurrency tax compliance through December 31, 2026, to address delays in broker technology readiness. Taxpayers can avoid automatic application of FIFO rules by maintaining records of specific asset identification information, but the exemption does not apply to self-custodied assets.
MarketWhisper1h ago
Fairshake's Multi-Million Dollar Gamble Fails! Crypto Camp Loses in Illinois, Bets $221 Million on 2026 Midterm Elections
In Illinois state Senate Democratic primary, Lieutenant Governor Juliana Stratton defeated Raja Krishnamoorthi, who had received support from the crypto industry, demonstrating a pushback by traditional political forces against emerging capital. Despite the Senate loss, the crypto camp made progress in House primary elections, with continued increases in funding investment, but controversy is also rising, with warnings that crypto capital could influence future elections.
GateNews1h ago
Javier Milei Embroiled in Libra Scandal: Forensic Evidence Exposes Long-Term Payment Chain, Hidden Relationships Behind Crypto Project Collapse Surface
Argentine President Javier Milei has come under public scrutiny due to the Libra cryptocurrency scandal. An investigation reveals that he had prolonged financial dealings with lobbyist Novelli, with transaction amounts increasing after he took office. Milei had previously promoted Libra and related projects, and both Congress and the judiciary have now launched investigations into the matter.
GateNews1h ago
UK Parliament Members Call for Total Ban on Cryptocurrency Political Donations to Prevent Anonymous Funding Risks
The UK Treasury Select Committee and the All-Party Parliamentary Group on Crypto and Digital Assets have called for a ban on political parties accepting cryptocurrency donations, citing concerns that anonymity could lead to unclear funding sources and money laundering risks. Cryptocurrency industry organizations view this ban as excessive and argue that the issue should be addressed through enhanced transparency measures instead.
GateNews2h ago
