Although many of them are still wary about legalizing decentralized digital money, governments around the world are nevertheless tempted to tap into incomes from the cryptoconomy or feel obliged to prevent illicit uses of cryptocurrencies. With each step authorities take to achieve their goals in either of these directions, however, they inevitably add another layer of legitimacy for cryptos, gradually shaping their legal status even if that wasn’t the intended result.
The Supreme Court of the Russian Federation has clarified that “digital rights,” the term currently used to describe coins and tokens in Russian law, can be a subject of bribes, just like regular fiat money, property and other assets. That’s according to a recently adopted amendment to а resolution issued by the authority in July 2013, Forklog reported. It provides the court’s stance on the judicial practice in cases of bribery and other corruption crimes.
Russia’s Supreme Court recognizes tokens as assets like money and propertyRead More
