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Russia may allow the transfer of seized BTC into state revenue

The head of the Russian Federal Executive Directorate (FSSP) said that a new mechanism has been developed to support the conversion of bitcoins seized in criminal cases into state fiscal revenue. The mechanism stems from the precedent of the bribery case of former investigator Marat Tambiev, in which some 1,032 BTC were successfully seized and transferred to the Ministry of Finance. It is expected that some of the assets will be sold to replenish the state treasury. The FSSP calls on the legislature to clarify the legal status of cryptoassets as soon as possible in order to promote a more systematic process for the disposal of cryptoassets.