Crypto News 

Russia: New Law Would Let Police Confiscate Bitcoin From 2021

“Russia is planning on creating legal statutes allowing the government to achieve the impossible: confiscation of Bitcoin (BTC)” writes William Suberg for cointelegraph.com. According to various parties speaking to RBC, crypto would need legal recognition before the government could justify legal grounds to confiscate it as part of judicial proceedings.As local financial news outlet RBC reported on Nov. 7 citing sources familiar with the matter, Russia’s interior ministry will work with various state organs to draw up the plans, which could enter into law in 2021.Russia has yet to implement its long-awaited package of laws regarding cryptocurrency, which has seen multiple delays.
 
Source: cointelegraph.com



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