Russia Proposes a dedicated fund for the confiscated crypto funds

In the midst of the growing adoption of the Cryptocurnance Cryptocurne in countries such as the United States, legal activists in Russia push to create a potential crypto fund.

Evgeni Masharov, a member of the Russian Civic Chamber, proposed the creation of a government fund for cryptocurnancy that would involve assets seized from criminal proceedings.

The envisaged cryptocurnancy fund would aim for government income, targeting social projects, Mashareans said, toward Until the report 20. March by the local news agency Tass.

“The income from the cryptocurnost fund can then be used for social, environmental and educational projects,” he allegedly stated.

“The seized crypto should use the state”

The proposal of Mašarova came in the middle of Russian officials who advance new legislation on the recognition of cryptocurries as assets for the purpose of criminal proceedings.

Aleksandar Basterkin, President of the Russian Investigation Committee, said that the related draft law was sent to the Government at the consideration, local news agency RBC export 19. Marta.

“Criptocurrencies have been seized as part of the criminal proceedings must work for the benefit of the state,” Masharov said as he commented on the proposed legislation.

“For these purposes, a special fund can be created, putting cryptocurrency on balance,” said Masharov, expressing confidence that many of the seized assets could see their market capitalization “significantly increases.”

Russian authorities have been taking cryptic property for years

Masharovski proposal to turn the confiscated crypto property in favor of the state follows the development of related legislation in Russia.

Russian prosecutors push legal initiatives Allow the Government to take the crypto Obtained from a criminal activity of at least 2021. years, but there was no clear frame set in place.

Related: Russia that uses Bitcoin, USDTT for Petroleum Trades with China and India: Report

Meanwhile, the Russian government did not miss the opportunity seize millions in cryptocurrency from illegal casessometimes include law enforcement officers. Obviously, the current laws of Russia do not provide standards where and how such funds should be distributed.

The Bank of Russia Governor is against crypto investment

The idea of ​​a potential fund for the social crypt in Russia may sound similar to initiatives such as Bitcoin (Btc) Strategic reserve, which is currently goals Holding the confiscated BTC solely.

Meanwhile, the Russian Governor of the Central Bank, Elvira Nabiullina, previously opposed the idea of ​​potential investments in CRIPTO banks of Russia.

“Cryptocurrencion Investment does not make sense for the central bank in terms of conservation of value because it is a very volatile property,” as reported, Nabiullina said In December 2024. years.

Journal: Cripto is 4 years old to grow so big “no one can turn off”: Cain Warwick, Infinek