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Russia and Turkey to cooperate to fight crime-related crypto transactions – Bitcoin News
Law enforcement and judicial authorities from Russia and Turkey are joining forces in the fight against cybercrime, including the use of cryptocurrencies for illegal purposes. The collaboration was agreed upon during a visit by Russia’s attorney general in Ankara.
Russia, Turkey arrange cooperation to fight crime involving digital space and assets
Russian Federation Attorney General Igor Krasnov and Turkish Justice Minister Bekir Bozdag have signed a new two-year program of cooperation between their departments, Tass news agency reported. The senior officials met in the Turkish capital.
One of the areas where the parties plan to coordinate efforts is the fight against cybercrime, including cases involving the criminal use of cryptocurrencies and other virtual assets, the report revealed. After sealing the deal, Krasnov highlighted Russian experience in the field:
In Russia, relevant legal and investigative practices have been developed, legislation on digital assets is being updated, and the central bank’s digital ruble platform is being piloted. We have something to share.
Krasnov also referred to a draft convention on countering the use of high technology in crime, which was sent to the UN last year. He stressed that Russia’s proposal is to criminalize a wide range of actions “since such technologies are widely used to promote extremist views, try to influence political regimes and the minds of ordinary people.”
At the same time, according to the Russian Prosecutor General, Western nations want to “reduce the understanding of cybercrime only to a narrow circle of cybercrime, which, in our opinion, does not reflect the essence of the problem.”
Russia is facing increasing sanctions imposed by the West in response to its ongoing invasion of neighboring Ukraine. Its own ability to use crypto-assets to circumvent the imposed restrictions, which have significantly limited Moscow’s access to global markets and finance, was also targeted. For their part, the Russian authorities have considered legalizing crypto settlements in cross-border trade.
Payments using the Russian Mir cards were also restricted in many jurisdictions, but several Turkish banks continued to process them. Two of these lenders suspended operations with Mir under US pressure. But according to Turkish media, President Recep Tayyip Erdogan has proposed the development of a new payment system with Russia to serve as an alternative.
What are your thoughts on the latest cooperation between Russia and Turkey? Let us know in the comments section below.
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