A member of the Civic Chamber of Russia is emphasizing for the construction of a government-related fund which includes the seized cryptocurrency property.
Report from local media The state proposal came from legal activist andgeni Masharov, who underlined the initiative as a structured mechanism to keep and use crypto assets obtained through criminal proceedings.
According to Mashrov, the seized cryptocurrencies can be used to provide “the benefits of the state” and can be used to fund “social, environmental and educational projects”.
The proposal was incorporated as a part of a comprehensive legislative push to officially recognize cryptocurrency as a property under Russia’s Criminal Law.
Russian regulators are currently debating a billSupported by the investigative committee and the Ministry of Justice, its purpose is to clarify how digital assets can be confiscated, classified as evidence, and is handled in criminal cases.
The report stated that the authorities have emphasized clear rules on handling illegal crypto over the years, the investigative committee has called for new legal measures in early 2021.
Meanwhile, the government has already joined millions of criminal activities in Crypto.
For example, in January 2025, Russian Belifs at that time liquid more than 1,032 bitcoins seized in a bribe of about one billion rubles.
Regarding his proposal, Masharov said that without a structured approach, the seized crypto remain in the legal organ.
They argue that instead of removing these assets only, they should be removed from circulation and placed in the government controlled funds, ” [market] Capitalization of which can increase considerably over time, ”allows the state to use income for public projects.
The bill has already been presented to the government for review and is currently waiting for further consideration.
Between this background, a call has also been made for the construction of a strategic bitcoin reserve in Russia.
In December last year, Duma State Deputy Anton Takchev urged Finance Minister Anton Siluanov to consider them as a measure against protecting themselves from US sanctions, including bitcoins.
Russia’s focus on crypto rules
Russia Ghar A Rich crypto economyBut the market has also been plagued by illegal activities.
As Earlier reported by InvezzOne of the biggest challenges is No-KYC (Know your customer) is the rise of crypto exchanges, which work without formal registration and facilitates transactions outside traditional financial monitoring.
Despite international efforts to close them, such platforms have continued to emerge.
Regulatory effort Mixed results have been achieved so far. In early February, Russia’s telecom regulator Rosomnadzor blocked a major OTC crypto aggregator Bestchen.
Crackdown followed new laws that ban bitcoin mining and crypto advertisements, but traders quickly migrated to alternative platforms, keeping the underground market alive.
At the same time, Russian authorities have also expanded control over domestic mining works. A new registration system launched last year requires bitcoin miners to present sensitive data, including wallet addresses.
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