Russian Civic Chamber proposes creation of fund for confiscated crypto
Russia is considering a plan to direct confiscated cryptocurrency into a special fund, with proceeds from its use allocated to social initiatives.
Yevgeny Masharov, a member of the Public Chamber of the Russian Federation, expressed support for the proposal, which is part of a broader effort to define crypto as property under criminal law.
Masharov told TASS that seized digital assets should “work for the benefit of the state” rather than remain dormant.
The proposed fund would hold confiscated cryptocurrency, allowing it to grow in value over time. Revenue generated from these assets could be directed toward social, environmental, and educational projects.
The initiative aligns with a bill…
