Russia may allow seized BTC to be converted into state revenue

According to Cryptonews, the head of the Russian Federal Executive Service (FSSP) said that a new mechanism has been developed to support the conversion of Bitcoin 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 about 1,032 BTC were successfully seized and transferred to the Ministry of Finance.

Some of the assets are expected to be sold to replenish the treasury. The FSSP called on the legislature to clarify the legal status of crypto assets as soon as possible to promote a more systematic process for the disposal of crypto assets.