The Plenum of the Supreme Court of Russia approved the amendments to the anti-legalization decision of 2015, prohibiting money laundering using cryptocurrencies , thereby establishing responsibility for such actions as financial transactions and transactions committed to legalize illegally obtained funds. At the same time, the plenum did not introduce the definition of cryptocurrency in the document.
“The subject of the crimes provided for in Articles 174 and 174.1 of the Criminal Code of the Russian Federation may be monetary assets converted from virtual assets (cryptocurrency) acquired as a result of the commission of a crime,” the new version of the resolution says.
Please note that this does not prohibit the storage and operation of cryptocurrency in Russia , the article only affects assets acquired as a result of a crime.
The judge of the Supreme Court of the Russian Federation, Alexander Chervotkin, said that the Financial Action Task Force on Money Laundering (FATF), which includes Russia, notes:
“There is an urgent need for all participating countries to take coordinated measures to prevent the use of virtual assets for criminal purposes”.
Recall that, according to the Minister of Justice of the Russian Federation Alexander Konovalov, cryptocurrencies do not need to be regulated as a special type of object of civil rights, since they fully comply with the concept of other property that has already been included in civil law.
Publication date 27.02.2019
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