Cryptocurrencies included in the article of Criminal Code of the Russian Federation about money laundering
Now the cashing of cryptocurrencies falls under the norms of the article of the Criminal Code of the Russian Federation on money laundering. So explained the plenum of the Supreme Court of Russia on Tuesday, February 26, reports TASS. The decision of July 7, 2015 was amended to clarify the provisions of the legislation on judicial practice in cases of money laundering.

Russia is a member of the Financial Action Task Force on Money Laundering. The judge of the Supreme Court of the Russian Federation, Alexander Chervotkin, said: “There is an urgent need for all FATF member countries to take coordinated measures to prevent the use of virtual assets for criminal purposes.”

Chervotkin also stressed that Russian court practice already knows examples of cases on the use of cryptocurrencies.

"We have specific convictions that have established that criminal incomes in cryptocurrency, including from the sale of narcotic drugs, were later transformed into monetary funds by means of a number of financial transactions and were withdrawn into circulation by withdrawing from bank accounts", — the Supreme judge.