“Recently, for the first time in practice, we sent requests to foreign competent authorities for legal assistance in criminal cases on the arrest of cryptocurrency, for example, Kazakhstan. I have no doubt that over time the number of such requests will increase significantly. But it would be impossible to enforce them if each jurisdiction were to use its own procedures that are not applicable in the requested country,” Krasnov said.
He argues that cryptocurrency can be used to move illegally obtained funds.
“In this regard, I propose that our council summarize the practice of using cryptocurrency for the commission of corruption crimes, including the legal regulation of its circulation, seizure, confiscation, subsequent storage and sale. The results will be disseminated among the participants of the council to develop joint proposals for further coordinated action,” he added.
First Deputy Chairman of the Bank of Russia Olga Skorobogatova recently announced that there may be situations when authorities of other countries are able to block cryptocurrency operations of Russian businessmen;
In early June, Russian businessmen asked authorities to allow cryptocurrency settlements with foreign clients.