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Russia and Türkiye to launch a two-year program to fight Crypto related cybercrime

By Om Labde11 November 2022, 02:34 PM
Russia and Türkiye to launch a two-year program to fight Crypto related cybercrime

A new, two-year program for cooperation between their departments has been agreed upon by the Turkish Minister of Justice Bekir Bozdag and the Russian Federation’s Prosecutor General Igor Krasnov. The senior officials got together in the Turkish capital. 

The fight against cybercrime, especially instances involving the unlawful use of cryptocurrencies and other virtual assets, is one of the areas where the sides want to cooperate in their efforts. 

Krasnov emphasized the development of pertinent judicial and investigative practise, the law being updated to govern digital assets and the piloting of the central bank’s digital ruble platform.

In addition, Krasnov brought up a year-old draft submitted to the United Nations for combating the use of high tech in crime. He noted that as these technologies are frequently used to spread extremist ideologies, try to sway political regimes, and affect the thoughts of common people, Russia’s proposal would outlaw a wide variety of behaviours. 

The Russian Prosecutor General says that the Western world wants to limit its concept of cybercrime to a specific subset of computer crimes, which, in their view, does not capture’s entire extent of the problem.

As a result of its ongoing war with neighbouring Ukraine, Russia has been subject to increasing sanctions imposed by the West. Its ability to exploit crypto assets to dodge the restrictions put in place by the west has also been targeted. Russian authorities, however, are considering legalizing cryptocurrency for cross-border transactions. 

Numerous jurisdictions likewise prohibited payments made with Russian Mir cards, yet several Turkish banks still accepted them. In response to pressure from the United States, two of these lenders stopped working with Mir. President Recep Tayyip Erdogan, however, reportedly urged the creation of a new payment system with Russia as a substitute. 

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