Russia civic chamber proposes dedicated fund for confiscated crypto assets

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. “The proceeds from the cryptocurrency fund can then be used for social, environmental and educational projects,” he reportedly stated source: https://cointelegraph.com/news/russia-proposes-crypto-fund-from-seized-assets?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound