{"id":28427,"date":"2020-09-09T17:53:26","date_gmt":"2020-09-09T14:53:26","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=28427"},"modified":"2025-08-27T11:36:17","modified_gmt":"2025-08-27T08:36:17","slug":"ukraine-registers-bill-on-cryptocurrency-confiscation","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/ukraine-registers-bill-on-cryptocurrency-confiscation\/","title":{"rendered":"Ukraine registers bill on cryptocurrency confiscation"},"content":{"rendered":"<p>Ukrainian lawmakers have submitted to the Verkhovna Rada a bill regulating the mechanism for seizing cryptocurrency obtained from illicit activity.<!--more--><\/p>\n<p style=\"margin: 12px auto 6px auto; font-family: Helvetica,Arial,Sans-serif; font-style: normal; font-variant: normal; font-weight: normal; font-size: 14px; line-height: normal; font-size-adjust: none; font-stretch: normal; -x-system-font: none; display: block;\"><a style=\"text-decoration: underline;\" title=\"View \u0417\u0430\u043a\u043e\u043d\u043e\u043f\u0440\u043e\u0435\u043a\u0442 \\\"\u041f\u0440\u043e \u0432\u043d\u0435\u0441\u0435\u043d\u0438\u0435 \u0438\u0437\u043c\u0435\u043d\u0435\u043d\u0438\u0439 \u0432 \u0423\u0433\u043e\u043b\u043e\u0432\u043d\u044b\u0439 \u043a\u043e\u0434\u0435\u043a\u0441 \u0423\u043a\u0440\u0430\u0438\u043d\u044b\\\" on Scribd\" href=\"https:\/\/www.scribd.com\/document\/475413271\/%D0%97%D0%B0%D0%BA%D0%BE%D0%BD%D0%BE%D0%BF%D1%80%D0%BE%D0%B5%D0%BA%D1%82-%D0%9F%D1%80%D0%BE-%D0%B2%D0%BD%D0%B5%D1%81%D0%B5%D0%BD%D0%B8%D0%B5-%D0%B8%D0%B7%D0%BC%D0%B5%D0%BD%D0%B5%D0%BD%D0%B8%D0%B9-%D0%B2-%D0%A3%D0%B3%D0%BE%D0%BB%D0%BE%D0%B2%D0%BD%D1%8B%D0%B9-%D0%BA%D0%BE%D0%B4%D0%B5%D0%BA%D1%81-%D0%A3%D0%BA%D1%80%D0%B0%D0%B8%D0%BD%D1%8B#from_embed\">\u0417\u0430\u043a\u043e\u043d\u043e\u043f\u0440\u043e\u0435\u043a\u0442 \u00ab\u041f\u0440\u043e \u0432\u043d\u0435\u0441\u0435\u043d\u0438\u0435 \u0438\u0437\u043c\u0435\u043d\u0435\u043d\u0438\u0439 \u0432 \u0423\u0433\u043e\u043b\u043e\u0432\u043d\u044b\u0439 \u043a\u043e\u0434\u0435\u043a\u0441 \u0423\u043a\u0440\u0430\u0438\u043d\u044b\u00bb<\/a> by <a style=\"text-decoration: underline;\" title=\"View ForkLog's profile on Scribd\" href=\"https:\/\/www.scribd.com\/user\/456422024\/ForkLog#from_embed\">ForkLog<\/a> on Scribd<\/p>\n<p><iframe loading=\"lazy\" id=\"doc_15528\" class=\"scribd_iframe_embed\" title=\"\u0417\u0430\u043a\u043e\u043d\u043e\u043f\u0440\u043e\u0435\u043a\u0442 \" src=\"https:\/\/ru.scribd.com\/embeds\/475413271\/content?start_page=1&#038;view_mode=scroll&#038;access_key=key-147yCeTYJrOPGgbIXbCe\" width=\"600\" height=\"800\" frameborder=\"0\" scrolling=\"no\" data-auto-height=\"false\" data-aspect-ratio=\"0.7080062794348508\"><\/iframe><\/p>\n<p>According to the document, virtual assets are planned to be classified among electronic evidence of wrongdoing.<\/p>\n<p>Cryptocurrency that was the subject of a criminal offense shall be confiscated, except where the owner did not know that it was being used illegally. If the owner is not identified, the virtual assets become the property of the state.<\/p>\n<blockquote>\n<p>\u201cVirtual assets, as well as the proceeds from them, obtained as a result of a corruption offence or money laundering, shall be confiscated if the legality of acquiring rights to these assets and the proceeds from them has not been proven in court,\u201d the document states.<\/p>\n<\/blockquote>\n<p>If confiscation of virtual assets is not possible, and the legality of the acquisition of rights to those assets has not been established, the convicted person is obliged to pay the value of such virtual assets.<\/p>\n<p>Disputes over ownership of virtual assets are resolved in civil proceedings.<\/p>\n<p>The draft bill also requires providers to disclose data about a user\u2019s online activity.<\/p>\n<p>Operators are obliged, at their own expense, to install the technical means necessary to conduct covert investigative actions and access to information about communications, subscribers, the receipt and routing of Internet services, their duration and content.<\/p>\n<p>Similar requirements for telecom operators in Russia are applied under the so-called <a href=\"https:\/\/ru.wikipedia.org\/wiki\/\u0417\u0430\u043a\u043e\u043d_\u042f\u0440\u043e\u0432\u043e\u0439\" target=\"_blank\" rel=\"noopener noreferrer\">\u00ab\u0417\u0430\u043a\u043e\u043d \u042f\u0440\u043e\u0432\u043e\u0439\u00bb<\/a>, which came into force on 1 July 2018.<\/p>\n<p>Earlier, the draft law regulating cryptocurrency circulation in Ukraine, &#8216;On Virtual Assets&#8217;, was registered in the Verkhovna Rada in June 2020 and is due to be considered by Parliament in September.<\/p>\n<p>For more on what changes for cryptocurrency holders after the law is enacted, read ForkLog&#8217;s special report.<\/p>\n<p>In November 2019, Ukraine introduced criminal liability for illicit enrichment through cryptocurrency.<\/p>\n<p>Subscribe to ForkLog&#8217;s Telegram news: <a href=\"https:\/\/t.me\/forklogfeed\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">ForkLog Feed<\/a> \u2014 the full news feed, <a href=\"https:\/\/telegram.me\/forklog\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">ForkLog<\/a> \u2014 the most important news and polls.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ukrainian lawmakers have introduced a bill in the Verkhovna Rada regulating the mechanism for confiscating cryptocurrency obtained from illicit activity.<\/p>\n","protected":false},"author":1,"featured_media":28428,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1153,1269,36,16],"class_list":["post-28427","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-confiscation","tag-cryptocurrencies","tag-regulation","tag-ukraine"],"aioseo_notices":[],"amp_enabled":true,"views":"20","promo_type":"1","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/28427","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=28427"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/28427\/revisions"}],"predecessor-version":[{"id":28429,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/28427\/revisions\/28429"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/28428"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=28427"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=28427"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=28427"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}