Court Cases with Crypto Assets in Russia are Growing

Experts believe that over the past year, the courts of the Russian Federation have issued more than 1,750 decisions that relate to digital assets. The indicator has grown by almost 15% compared to 2021. This was reported in RBC-Crypto.

More about court cases

About 463 trials were in criminal cases. They talked about fraud, embezzlement or embezzlement of funds, their laundering and assistance in the sale of narcotic substances.

According to a study by experts, the most frequent violations were those related to the turnover of digital assets on such crypto exchanges as Binance, Garantex. It also affected Blockchain cryptocurrency wallets, Coinomi and Bitmain mining pool.

Over 50% of court proceedings are related to bankruptcy. There were also court acts that are related to the unaccountable consumption of electricity for the extraction of digital assets.

Experts predict that by the end of this year, such cases will increase at least 3 times. This is due to the fact that now the interest of users in digital assets is growing rapidly. Therefore, even more scammers appear.

It should be noted that a year ago, Igor Krasnov recommended that cryptocurrency be included in the Criminal Code of the Russian Federation. In his opinion, this will help to investigate cases of embezzlement of assets and make it possible to arrest intruders.

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