Add to favorite
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS

Cryptocurrency was Recognizedas as One of the Ways of Laundering Illegal Income
24.03.2019 00:51
Cryptocurrency was Recognizedas as One of the Ways of Laundering Illegal Income

The Supreme Court of Russia has officially recognized cryptocurrency as one of the possible ways of laundering illegal income. The concept of “cryptocurrency” was included in the resolution as of 2015 concerning cases of laundering money and property acquired by criminal means. Federal Service for Financial Monitoring previously drew attention to the vulnerability of the economy due to the lack of regulation of cryptocurrency: now the legal status of such assets is not defined in Russia; in fact, they are equal to the property and defined in monetary terms.

      Find more about Russian laws and consult our attorneys.

      As the Supreme Court explained, now the articles 174 (Legalization of funds or other property acquired by other persons by criminal means) and 174.1 (Performing financial transactions and other transactions with money or other property knowingly acquired by other persons by criminal means, with a purpose of making it seem a lawful type of possession, or use of this property) of the Criminal Code of the Russian Federation should apply to virtual currency.

      Read More Articles about Russian Business


Author: Anna Dorozhkina

Tags: Russian business Russian startuos    

Next Previous

You might also find interesting:

Ruble Lost One-sixth of its Value in a Year
Seven Russian Banks Entered the World Top-150 for Accepting Cards in Stores
TikTok will Host Official Business Webinars in Russia
60% of Russian Entrepreneurs can no Longer Cope with Rental Payments
Yandex Introduced a New Generation of Unmanned Vehicles

comments powered by Disqus

Comment on our site

RSS   twitter   facebook   submit

Bookmark and Share

Rossia   Moscow actions  Exhibitions in Moscow  Zaryadye  Pablo Picasso  Samovars  Lithuania  Scrap Metal  clothes made in Russia  Moscow  Russian oil and gas industry   Exhibitions Fairs  Russian Literature  Tula  Russian universities  sanctions  Festivals in Moscow  Russian Cinema  Vasily Shukhayev  New Moscow Museums  Russian theatre  Khanty-Mansiysk  New Laws  St. Petersburg  Spaceport Vostochny  Russian artists  Erarta Museum  Healthare  Krasnaya Polyana  Russian regions  Boris Grebenshchikov  Russian tourism  Tyukalinsk  Buzuluk  Russian business  ecology  society  Russian festivals  Sts Peter and Pul Cathedral  Fyodor Volkov Award  Alexey Navalny  Sberbank  travel to Russia  Mikhail Bulgakov  Willem Barentsz  Moscow restaurants  South Ossetia  Tver region  Elections 2012  Mercedes-Benz Fashion Week Russia 

Travel Blogs
Top Traveling Sites