The Russian Citizenship Chamber suggests creating a fund for seized crypto

Russia is considering a plan for directly confiscated cryptocurration in a special fund, with revenue from its use assigned to social initiatives.

Ievgeni Masharov, a member of the Public Chamber of the Russian Federation, expressed the proposal support, which is part of the wider effort to be crypto as assets towards the criminal law.

Masharov told This seized digital property should “work for the benefit of the state,” not remain dormant.

The proposed fund would retain a seized cryptocurious, allowing him to grow in value over time. The income generated from this property could be directed to social, environmental and educational projects.

The initiative implies a law submitted by the Russian Ministry of Justice and the investigative committee that strives to classify cryptocurstility as property and material evidence.

Masharov emphasized the importance of removing the illegal crypting wood from circulation, while ensuring that they serve constructive purpose. He also expressed readiness to facilitate discussions between tax authorities, tax authorities and the crypto industry to develop a unique position on the issue.

If it is passed, the proposal could create a structured access to handle digital Assets Liked Criminal Activities While you integrate them into a Russian broader financial system.