Russia is considering using the cryptocurrency confiscated in the criminal procedures “for the benefit of the state. The country may move forward in plans to create a government currency box using the assets confiscated from criminal procedures.
On March 20, 2025, Evgeny MasharovA member of the Committee of the General Chamber of the Russian Federation of the General Exam for the Bills of Laws and Organizational Actions, said that a special fund can be created “through the balance that will be kept these encrypted currencies (confiscation).”
Mashrouf insisted that the “box” drawing will increase significantly over time.
According to Mashrouf, on the one hand, this will help remove criminally acquired property from trading, on the other hand, will have a specific purpose.
“Later, the recipient income can be used from the mode of encrypted currencies for social, environmental and educational projects,” Mashrouf believes.
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Russia includes the inclusion of Bitcoin in the strategic reserve, and the future review is possible
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Russia does not announce any intention to include bitcoin in its strategic reserves. pic.twitter.com/6nqjo8aymp
Ashcryptoreal March 5, 2025
The Russian Ministry of Finance recently revealed that it is not currently planning to include cryptocurrencies in the strategic reserve due to the fluctuations concerns.
However, Deputy Finance Minister Vladimir Colettev suggested that this position could change as soon as liquid assets in the fund reach a level equivalent to 7-10 % of GDP in Russia (GDP). “However, at the present time, the signs of volatility are not favorable,” said Colitv.
“From the point of view of the sovereign budget reserves, it is important for us that the assets in which these reserves have been invested can be sold very quickly and without reassessing large prices, so that we do not sell us to the fact that we do not receive rubles for rubles, but 50 cups for rubles.” “The assets of encryption are a balance with increased volatility.”
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Russia is considering using the cryptocurrency confiscated in the criminal procedures “for the benefit of the state.
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The digital currency confiscated in criminal cases can be sent to a special box.
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The proposal comes amid the progress of Russian officials in new legislation that would recognize encrypted currencies as property for the purposes of criminal procedures.
Russia is considering a “special box” for encryption first on 99bitcoins.