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#Crypto_News 💡💡💡
Putin Signs New Law Granting Russian Courts Authority to Seize Crypto Assets
On February 25, reports said Russian President Vladimir Putin signed a new law formally classifying Bitcoin and other crypto assets as “intangible property” under criminal law and granting courts the authority to seize related crypto assets in criminal cases.⭐️⭐️⭐️
The new law requires police or prosecutors to specify the token type, amount, and wallet address when applying for seizure, and allows law enforcement to transfer crypto assets into government-controlled wallets. Officials from Russia’s Ministry of Justice said the law provides a legal basis for cooperation with overseas crypto exchanges.