In 2023, Russian courts examined 2,653 cases related to cryptocurrencies, a fivefold increase from the 510 cases in 2021. This information comes from a study by the educational platform Moscow Digital School and the law firm EBR, available to ForkLog.<\/p>\n
62% of last year’s proceedings were related to bankruptcy disputes, marking a 91% rise from 2022. The number of civil cases rose by 60%, criminal cases by 34%, and administrative cases by 19%.<\/p>\n
Experts attribute this growth to the development of the crypto market and increasing interest from the public and businesses, as well as the emergence of fraudulent schemes.<\/p>\n
The majority of criminal cases involved the purchase of drugs using cryptocurrency and asset theft.<\/p>\n
Civil disputes mainly concern the return of funds invested in crypto projects. Courts often reject such claims, citing the lack of legislative regulation of cryptocurrencies as objects of civil rights.<\/p>\n
In bankruptcy cases, courts treat cryptocurrencies as property, according to the definition in the law “On DFA<\/span>“.<\/p>\n Disputes over the recovery of debts for electricity consumed in the mining process often end in favor of energy companies.<\/p>\n As reported in a study by RTM Group, in 2022, Russian courts issued 1,758 decisions concerning cryptocurrencies. Analysts had already predicted an increase in such cases.<\/p>\n Earlier, an expert informed ForkLog about the sale of digital assets for debt repayment in Russia.<\/p>\n","protected":false},"excerpt":{"rendered":" In 2023, Russian courts examined 2,653 cases related to cryptocurrencies, a fivefold increase from the 510 cases in 2021. This information comes from a study by the educational platform Moscow Digital School and the law firm EBR, available to ForkLog. 62% of last year’s proceedings were related to bankruptcy disputes, marking a 91% rise from […]<\/p>\n","protected":false},"author":1,"featured_media":11999,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1300,1162,1269,27,1246],"class_list":["post-12000","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bankruptcy","tag-court-cases","tag-cryptocurrencies","tag-russia","tag-scammers"],"aioseo_notices":[],"amp_enabled":true,"views":"17","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/12000","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=12000"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/12000\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/11999"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=12000"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=12000"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=12000"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}