Putin lets courts confiscate Bitcoin as Russia cracks down on freewheeling crypto sector

Russian President Vladimir Putin has granted courts new authority to confiscate cryptocurrencies during criminal investigations, marking a significant regulatory crackdown on Russia's previously loosely regulated crypto sector.

• →Russian courts now have legal powers to seize Bitcoin and other cryptocurrencies in criminal cases.
• →This represents a major tightening of Russia's approach to cryptocurrency regulation.
• →The move signals Putin's administration is moving away from the previously freewheeling crypto environment.
• →Criminal investigations can now target crypto assets directly through the court system.
• →Russia is joining other nations in establishing formal legal frameworks for crypto asset seizure.