{"id":114602,"date":"2025-04-03T05:35:21","date_gmt":"2025-04-03T05:35:21","guid":{"rendered":"https:\/\/teknomers.com\/en\/russian-bailiffs-authorized-to-convert-criminals-bitcoin-into-government-funds\/"},"modified":"2025-04-03T05:35:21","modified_gmt":"2025-04-03T05:35:21","slug":"russian-bailiffs-authorized-to-convert-criminals-bitcoin-into-government-funds","status":"publish","type":"post","link":"https:\/\/teknomers.com\/en\/russian-bailiffs-authorized-to-convert-criminals-bitcoin-into-government-funds\/","title":{"rendered":"Russian Bailiffs Authorized to Convert Criminals’ Bitcoin into Government Funds"},"content":{"rendered":"

What are the new methods developed by Russian bailiffs for converting seized Bitcoin into cash?<\/strong> How does Dmitry Aristov describe Bitcoin in the context of state revenue?<\/strong> What legal precedents are being referenced by the Federal Bailiff Service in handling cryptocurrencies?<\/strong> What has been the result of the Marat Tambiev case for cryptoasset confiscation in Russia?<\/strong> What implications could a bill recognizing cryptoassets as property have on the future of cryptocurrency regulations in Russia?<\/strong> <\/p>\n

Russian bailiffs say they have developed new methods to help them convert Bitcoin (BTC) seized in criminal cases into cash for the Treasury.<\/p>\n

In a video posted on the Federation Council\u2019s RuTube page<\/a>, Dmitry Aristov, the head of the Federal Bailiff Service (FSSP), called Bitcoin a \u201cproblematic asset.\u201d<\/p>\n

Russian Bailiffs\u2019 Bitcoin Problem Solved?<\/span><\/h2>\n

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Aristov made the remarks at a meeting of the Federation Council Committee on Constitutional Legislation and State Building.<\/p>\n

The council, also known as the Russian Senate, is the upper house of the nation\u2019s parliament.<\/p>\n

\"Dmitry
\nDmitry Aristov, the head of the Russian Federal Bailiff Service, speaking at the Federation Council. (Source: Federation Council\/RuTube\/Screenshot)<\/figcaption><\/figure>\n

The FSSP is now working with \u201cother relevant parties\u201d on \u201cmechanisms that will turn Bitcoin into state revenue.\u201d<\/p>\n

Aristov claimed that the FSSP can use legal precedent from a landmark criminal case to guide further actions.<\/p>\n

He claimed that this allowed the FSSP to seize BTC (and, presumably, other cryptoassets). Now, he added, law enforcement agencies were \u201clooking for a solution\u201d to help them \u201csell\u201d the coins.<\/p>\n

The FSSP head was speaking in response to a question from a Senator. The lawmaker asked him about the service\u2019s \u201cprotocols\u201d for \u201cconfiscating cryptocurrencies.\u201d<\/p>\n

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\u201cWe have a legal precedent, from a criminal case. During the investigation, we [confiscated] Bitcoin tokens.\u201d<\/p>\n

Dmitry Aristov, head of the Russian Federal Bailiff Service<\/cite><\/p><\/blockquote>\n

However, Aristov said lawmakers needed to act. He claimed that a comprehensive \u201csolution to the problem of confiscating cryptoassets\u201d had not yet been finalized.<\/p>\n

And he suggested that a comprehensive solution could remain out of reach until lawmakers roll out a bill outlining the legal status of BTC and other coins.<\/p>\n

Aristov concluded that \u201cfirst of all,\u201d Moscow must \u201clegislatively establish\u201d the status of Bitcoin in Russia.<\/p>\n

\"Senators
\nSenators at the Russian Federation Council. (Source: Federation Council\/RuTube\/Screenshot)<\/figcaption><\/figure>\n

A New Crypto Impasse?<\/span><\/h2>\n

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After years of political impasse due to contrary positions on crypto regulations, Russia finally passed two pieces of important crypto-related law last year.<\/p>\n

One legalized crypto mining as a recognized form of business activity. The other allowed Russian companies to use crypto as a payment tool in international trade, within the confines of a Central Bank-run sandbox.<\/p>\n

However, most critics and many top lawmakers agree that far more needs to be done. A much older piece of legislation outlawed the use of crypto as a payment instrument within Russia.<\/p>\n

The Central Bank has since signed off on a proposal to allow qualified investors to trade crypto within its sandbox.<\/p>\n

But the bank favors more extreme measures. These include a total ban on crypto exchanges operating outside the sandbox, as well as a ban on retail sector and corporate crypto investment.<\/p>\n

However, Moscow appears to be divided on the issue. Several ministries and most major industrial miners favor regulating crypto exchanges and crypto transactions over China-style bans.<\/p>\n

As such, a new impasse appears to be standing in the way of the kind of legal clarity the FSSP would like to see.<\/p>\n

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The UK put Russia in the top tier of its new Foreign Influence Registration Scheme, meaning anyone working for the Russian state in Britain will need to declare their activity or face jail https:\/\/t.co\/sFevGUE3D3<\/a><\/p>\n

— Bloomberg (@business) April 1, 2025<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n

Tambiev Case: Opening Legal Doors for Bailiffs?<\/span><\/h2>\n

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The media outlet RBC<\/a> appeared to suggest that Aristov may have been referring to the case of the former Russian Investigative Committee investigator Marat Tambiev.<\/p>\n

\nThe former Russian Investigative Committee investigator Marat Tambiev. (Source: TASS\/Screenshot)<\/figcaption><\/figure>\n

In 2024, Tambiev was convicted of taking Bitcoin bribes from an international fraud network. He was jailed for 16 years, with bailiffs confiscating BTC 1,032.<\/p>\n

In January this year, the Russian Treasury said it had \u201cbegun the transfer\u201d of the funds to its own coffers. The Treasury announced initial plans to \u201csell off\u201d some $10 million worth of coins.<\/p>\n

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A key Kremlin negotiator is expected in Washington this week for talks with US President Donald Trump’s administration, two sources familiar with the plan said, the most senior Russian official to visit since Moscow invaded Ukraine in 2022 https:\/\/t.co\/rBUmuXaTiH<\/a><\/p>\n

— Reuters (@Reuters) April 2, 2025<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n

Tambiev, a District Court heard last year, took BTC from members of the Infraud Organization hacker group in exchange for diverting the course of a criminal probe into the group.<\/p>\n

Last month, Moscow officials said that they were working on a bill that would recognize cryptoassets as a form of property \u201cfor the purposes of criminal procedures.\u201d<\/p>\n

The government is reportedly \u201cconsidering the bill.\u201d The Civic Chamber has also recently proposed creating a state-run fund for \u201cconfiscated cryptoassets.\u201d<\/p>\n

The chamber suggested that the \u201cproceeds\u201d from the sale of these \u201cassets\u201d could be used to fund \u201csocial projects.\u201d<\/p>\n

The post Russian Bailiffs Can Now Turn Criminals\u2019 Bitcoin Into State Revenue appeared first on Cryptonews.<\/p>\n