🔥 What’s Confirmed:
1️⃣ 🇷🇺 Vladimir Putin signed a law recognizing cryptocurrencies as legally defined “intangible property” under Russian criminal legislation.
2️⃣ ⚖️ Courts in Russia can now formally freeze, seize, and confiscate crypto (e.g., Bitcoin) in criminal cases — including transferring assets to state-controlled wallets after court approval.
3️⃣ 📜 Authorities must clearly specify the asset type, amount, and wallet addresses when requesting seizure.
4️⃣ 🛠️ The law standardizes procedures, giving clear legal structure to actions that were previously handled in a gray area.
⚠️ What It Does NOT Mean:
🚫 It is not a nationwide ban on owning or trading crypto.
🚫 There is no automatic confiscation without a court order.
🚫 Seizure requires formal judicial authorization within a criminal investigation.
📊 Summary:
Russia has created a clearer legal mechanism to freeze and confiscate crypto in criminal proceedings. It is regulatory clarification — not mass wallet confiscation.