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Russia's Supreme Court is pushing to classify cryptocurrencies as property in criminal cases

On February 22, according to News.bitcoin quoted Tass news agency, the Russian Supreme Court is promoting the classification of cryptocurrencies as property in criminal cases, aiming to strengthen the ability of law enforcement agencies to track, freeze and confiscate illegal digital assets. The Supreme Court is involved in drafting a "legislative initiative aimed at treating digital currencies as property in criminal proceedings," a move that could strengthen law enforcement's ability to deal with crypto-related crimes. This is not the first time that the Russian Supreme Court has dealt with cryptocurrency issues in legal proceedings. In 2019, the court ruled that if digital currency was obtained through illegal activities, especially in cases involving drug trafficking, converting bitcoin into rubles constituted money laundering. The court's ruling further suggests that cryptocurrencies may fall within the jurisdiction of existing anti-money laundering laws. In addition, in 2021, the court ruled that the electronic currency WMZ used in the Webmoney Transfer system was legally recognized as an object of civil rights, setting a precedent for Russia's legal treatment of digital assets. These early rulings suggest that the Supreme Court is working to include cryptocurrencies in the country's judicial framework.

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