Russian lawmakers have introduced legislation that would give bailiffs in the country new powers to seize crypto assets or central bank digital currencies (CBDC). The law would apply to crypto assets owned by debtors, allowing bailiffs to block access to wallets or exchanges and take physical possession of digital assets. The legislation will also allow bailiffs to freeze any operations related to CBDC, if needed. The measure is part of a larger move by the Russian government to regulate the emerging blockchain and crypto industry. It is unclear when the legislation will be passed into law.
Russian Bailiffs Will Get More Powers to Seize CBDC & Crypto
