The Prosecutor General's Office of Russia has prepared a bill on recognizing DFA as property within the framework of the Criminal Code of the Russian Federation – Bits Media

The Russian Prosecutor General's Office has prepared a bill, according to which cryptocurrencies and digital financial assets will be considered property under the Criminal Code of the Russian Federation and may be confiscated.

How
Interfax agency reports, in his speech in the State Duma, Prosecutor General Igor Krasnov expressed concern, that attackers often use cryptocurrencies and the latest financial technologies for illegal activities. Krasnov counts, that this is due to insufficient regulation of the industry.

According to the Law “On Digital Financial Assets” (CFA) and digital currency ", entered into force from 1 january 2021 of the year, cryptocurrencies can be considered property, transferable only upon divorce, distribution of inheritance or in case of bankruptcy. The Prosecutor General spoke about the need to amend criminal and criminal procedural legislation back in July. This would allow the confiscation of digital assets from criminals, as they increasingly feature in corruption investigations.

“The status of the platforms has not yet been determined, where users can anonymously trade cryptocurrencies. The question of classifying digital financial assets as property for the implementation of criminal proceedings also remains open.. Therefore, we have prepared a special bill, which will authorize the relevant authorities to seize illegally used cryptocurrencies", - Krasnov said.

Recall, that in October the Russian FSB published a draft order, according to which the department will be able to send requests to organizations, working with DFA and cryptocurrencies, to conduct anti-corruption investigations.