Well, folks, it seems the Russians have stumbled upon a new way to line their pockets—err, I mean, fund social projects. Amid the global scramble to hoard cryptocurrency like it’s the last barrel of whiskey in a saloon, Russia’s legal eagles are hatching a plan to create a government crypto fund. And guess where the money’s coming from? Confiscated assets from criminal proceedings. 🕵️♂️💰
Evgeny Masharov, a member of the Russian Civic Chamber, is the brains behind this scheme. According to a March 20 report by TASS, Masharov reckons that the proceeds from this crypto fund could be used for social, environmental, and educational projects. Because nothing says “social good” like money swiped from criminals, right? 😏
“Seized Crypto Should Benefit the State”
Masharov’s grand idea comes as Russian officials are busy drafting new laws to recognize cryptocurrencies as property for criminal proceedings. Alexander Bastrykin, Chairman of Russia’s Investigative Committee, has already sent a related draft bill to the government for consideration. Because, of course, the state needs its cut of the digital pie. 🥧
“Cryptocurrencies confiscated as part of criminal proceedings must work for the benefit of the state,” Masharov declared, with the confidence of a man who’s just discovered a gold mine in his backyard. He even suggested that many of these seized assets could see their market value skyrocket over time. Because, you know, criminals always invest wisely. 📈
Russian Authorities Have Been Seizing Crypto Assets for Years
This isn’t exactly a new hobby for the Russians. They’ve been snatching up crypto from criminals since at least 2021, though they’ve been a bit fuzzy on what to do with it. Apparently, the current laws don’t specify where or how these funds should be distributed. So, naturally, the government’s been holding onto it like a squirrel with a particularly shiny acorn. 🐿️
Bank of Russia Governor Is Against Crypto Investment
Meanwhile, Elvira Nabiullina, the governor of Russia’s central bank, is not exactly a fan of crypto. In December 2024, she reportedly said that investing in cryptocurrency “doesn’t make any sense for the Central Bank in terms of preserving value since it’s a very volatile asset.” Translation: “We’ll stick to our rubles, thank you very much.” 💸
So, there you have it. Russia’s latest plan to turn digital loot into social good. Whether it’s a stroke of genius or just another way to line the state’s coffers, one thing’s for sure: the world of crypto just got a whole lot more interesting. 🎭
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2025-03-20 17:54