News/Belarus Adopts Legal Procedure for Seizure of Illicit Cryptocurrency

Belarus Adopts Legal Procedure for Seizure of Illicit Cryptocurrency

Apr 21,2022,20:33
Implementing a recently signed presidential decree, the government of Belarus has introduced a procedure allowing the state to seize digital currency holdings. The move will grant law enforcement authorities in Minsk powers to seize crypto assets linked to illegal activities. The measure aims to implement a decree by President Alexander Lukashenko pertaining to the country’s crypto space. Signed by the Belarusian leader in February, it orders the creation of a special register for crypto wallet addresses used for illicit purposes. Authorities conducting the criminal process will account for the seized or forfeited crypto funds, the justice ministry detailed. Its document dated April 14 also covers the foreclosure of digital assets as part of confiscations of debtors’ property and regulates their valuation.
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