New Russian law may allow police to confiscate bitcoin from 2021

Russia is planning to enact laws and regulations to allow the government to confiscate bitcoin (BTC). The Russian Ministry of the Interior will work with a number of state agencies to develop plans that may become law in 2021. The move is not about bitcoin, but about "digital assets" as a common phenomenon, mainly cryptocurrencies. The head of the special committee of the Russian parliament said: “The continued growth of crimes using virtual assets and the lack of consumer protection in the face of such criminal attacks naturally require the establishment of legal supervision and control mechanisms for the exchange of virtual assets.” In theory, If the relevant exchange is in compliance, you can access the cryptocurrency held by the exchange. The acquisition method is a mystery for the tokens held in the wallet where the investor holds the private key.