Russian President Vladimir Putin has signed a new law that classifies cryptocurrencies like Bitcoin as "intangible property" under criminal law, enabling courts to confiscate these assets in criminal cases. The legislation mandates that police or prosecutors specify the type and quantity of tokens and the wallet address when seeking confiscation. It also permits law enforcement to transfer crypto assets to government-controlled wallets. The law, reported by PANews citing DL News, aims to provide a legal framework for cooperation with foreign cryptocurrency exchanges, according to Russian Justice Ministry officials. This development marks a significant step in Russia's regulatory approach to digital assets, aligning them more closely with traditional property laws.