[Putin Signs New Law Granting Russian Courts the Power to Confiscate Crypto Assets] According to DL News, Russian President Vladimir Putin has signed a new law that explicitly defines cryptocurrencies like Bitcoin as 'intangible property' under criminal law and grants courts the authority to confiscate related crypto assets in criminal cases. The new law requires police or prosecutors to specify the type of tokens, quantity, and wallet addresses when applying for confiscation and allows law enforcement to transfer crypto assets into government-controlled wallets. Officials from the Russian Ministry of Justice stated that the law provides a legal basis for cooperation with foreign cryptocurrency exchanges.