Russia may allow seized BTC to be converted into state revenue

ChainCatcher news, the head of the Federal Bailiff Service of the Russian Federation (FSSP) stated that a new mechanism has been developed to support the conversion of Bitcoin seized in criminal cases into state revenue. This mechanism is based on the precedent of the bribery case involving former investigator Marat Tambiev, in which approximately 1,032 BTC were successfully confiscated and transferred to the Ministry of Finance. It is expected that part of the assets will be sold to replenish the treasury.

The FSSP urges the legislative body to clarify the legal status of crypto assets as soon as possible to promote a more systematic process for the disposal of crypto assets.