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Russia civic chamber proposes dedicated fund for confiscated crypto assets

cryptoweekly by cryptoweekly
March 20, 2025
in bitcoin, News
0

Evgeny Masharov, a member of the Russian Civic Chamber, said that forfeited crypto “should work for the benefit of the government.”

Amid the growing adoption of cryptocurrency reserves in countries like the United States, legal activists in Russia are pushing to create a potential crypto fund.

Evgeny Masharov, a member of the Russian Civic Chamber, has proposed creating a government cryptocurrency fund that would include assets confiscated from criminal proceedings.

The projected cryptocurrency fund would aim for revenues for the government, targeting social projects, Masharov said, according to a March 20 report by the local news agency TASS.

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  • Bitcoin at risk of deeper drop as BTC slips below key support levels
  • US regulator considers simplified path to market for crypto ETFs
  • Connecticut governor approves law prohibiting crypto use in government
  • Bitcoin analysts say market quickly absorbs selling, paving way for a bullish July
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  • How to build a Solana DApp for iOS and Android in 15 minutes, no back end needed
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