Procedure for Seizing Cryptocurrency by Bailiffs in Russia

Russian bailiffs have received an official mechanism for seizing cryptocurrency from debtors. The procedure involves sending a ruling to the digital depository for deducting funds from violators' accounts.

The Director of the Federal Bailiff Service (FSSP) confirmed that this document is sufficient to transfer assets to state revenue. The process aims to confiscate funds whose legal origin cannot be proven.

Currently, work on several cases is already underway in the territorial bodies of the department. One enforcement proceeding regarding the conversion of cryptocurrency into state revenue and thirteen proceedings regarding its confiscation are pending.

Key aspects of the new procedure:

• Sending a ruling to the digital depository
• Deducting funds from the debtor's account
• Crediting assets to the government agency's account
• Confiscating illegally acquired cryptocurrency

This measure allows the state to effectively combat money laundering and illegal circulation of digital assets through standard procedures for compulsory enforcement of court decisions.