PANews reported on February 25th, citing DL News, that Russian President Vladimir Putin signed a new law explicitly classifying crypto assets such as Bitcoin as "intangible property" under criminal law and granting courts the power to confiscate such assets in criminal cases. The new law requires police or prosecutors to specify the type and quantity of tokens and the wallet address when applying for confiscation, and allows law enforcement personnel to transfer crypto assets to government-controlled wallets. Russian Justice Ministry officials stated that the law provides a legal basis for cooperation with foreign cryptocurrency exchanges.