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Russia to Introduce Rules for Confiscating Crypto

Cryptocurrency was increasingly adopted in the Russian legal system in recent years and is considered taxable property. Russian government officials have been barred from owning crypto this year as crypto is increasingly being used for bribery because it is difficult to track and trace. Russia is preparing to enact strict crypto laws and confiscate illegally acquired digital assets.

Previously, the Russian Financial Watchdog Start planning to track suspicious crypto-related withdrawals and transactions in order to monitor and investigate crypto misuse.

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