Russian court says that bitcoin theft is not a crime?

[BrolySSJ 7899]

On the 30th of June 20202, a Russian court diverted down a solicitation from a victim of a 100 Bitcoin robbery looking for compensation, with the court contending that digital forms of money have no legitimate status. The court says that bitcoin, as a digital currency, does not enjoy the same property protection as other assets.

The case returns to 2018, when the two men imitating Federal Security Service (FSB) specialists and their associates seized the person in question and constrained him into giving them 5 million rubles or $90,000 in real money and 99.7 BTC — worth about $900,000 at that point. The criminals were condemned to eight-and ten-year jail sentences.

The casualty may in any case attempt his case in a civil court. Despite any future legitimate procedures, this court choice is wonderful — basically, it proclaimed that Bitcoin burglary isn't a wrongdoing.

[BTC Future 3946]

5 minutes ago, BrolySSJ said:

On the 30th of June 20202, a Russian court diverted down a solicitation from a victim of a 100 Bitcoin robbery looking for compensation, with the court contending that digital forms of money have no legitimate status. The court says that bitcoin, as a digital currency, does not enjoy the same property protection as other assets.

I read the report and while the decision and it is a disgrace. What this means anyway that digital assets are not regulated? There are laws about digital posession. A website has a cost to create and a price. Does it mean that anyone can hack a website and have no problems with that if he gets caught? Since there is no regulation how this court decided that Bitcoin is a digital currency anyway? What this court order means is that anyone in Russia will be allowed to steal any amount of Bitcoins and face no persecution. I'm impressed by this decision and wonder how these judges are able to perform their duties. Anyway I'm sure that this decision will be contested. I don't know how the Russian justice system works, but usually one court order is not enough and all cases can move to a higher court for re-examination.

5 minutes ago, BrolySSJ said:

Despite any future legitimate procedures, this court choice is wonderful — basically, it proclaimed that Bitcoin burglary isn't a wrongdoing.

Really that's what you believe that this decision was wonderful? Would you enjoy people getting into your house and stealing your things?

[BrolySSJ 7899]

4 minutes ago, BTC Future said:

Really that's what you believe that this decision was wonderful? Would you enjoy people getting into your house and stealing your things?

I am not implying wonderful. This was a sarcastic comment to show the ridiculousness of the decision in my opinion, because a crypto theft should be considered as a theft nonetheless as there is funds that are being stolen. I think that the court's decision was not right in this case. 

 

Please do not mistake the tone in which that last statement was intended. It was complete sarcasm. I hope that clears it up. @BTC Future

[BTC Future 3946]

28 minutes ago, BrolySSJ said:

Please do not mistake the tone in which that last statement was intended. It was complete sarcasm. I hope that clears it up. @BTC Future

Ok I understand. It was looking strange the way you put it though, that's why I asked. I'm glad it was sarcasm.

[Abiaan 1209]

digital assets burglary happens every day , we know its wrong doing but no one can stop that and no law can keep up with that , we can see thousands of scammers our-self all over internet  , first i wonder how that victim has traced the person who stole it if it was the bitcoin, even if the rules are made for such tricking and cheating then transaction should be made with some sort of criteria 

[Pitepite 238]

I also made this kind of information and I was wondering why the moderator deleted my topic, now I know this is the reason you had posted it first, well not hates. I will now use the search engine the next time I am going to create a topic.

[gourav789 2834]

this is really wondering me , I think This is. true also . there isn't any exixt of Bitcoin , Bitcoin is not a property of anyone . we should protect our bitcoin itself becuase there isn't any way of recover them .

 

 

[Honny143 13612]

So many countries not accept crypto currency including Russia also, but how this country courts not considered bitcoin stilling is not crime I can't understand,I know bitcoin is digital currency and we can't see but we invest paper currency to buy bitcoin means we invest real money, if anyone still our investment then how we accept, I think this courts need changes some laws to take actions against this type crimes.

[xpensive 3]

Are you kidding me! Theft is theft, no matter how it is carried out. The thief should have been punished. They are indirectly making cyber theft normal. If he wasn't caught, it would have been a different story. But saying bitcoin burglary is not a crime! That is messed up

[P A Ashif 2409]

Well many of the government doesn't accept crypto,  so of there citizen are hacked or scammed by anyone and his crypto is robbed then he has no place for complain.  Although he may know the person who does it, but whom to complain is his problem. So my suggestion is that there must be a universal crypto court.

[Pitepite 238]

7 hours ago, Cryptolover277 said:

Yes Bitcoin theft is not crime because Bitcoin in not someone property. Even Bitcoin doesn't exist that's why it's not a crime in this world. 

Hello dear, you already 6 negative reputations, maybe you should assess the situation why you re having a negative reputation, you should create good and quality posts for you to remove those negative, try to elaborate more the things you want to say, maybe there is some person who is not appreciating small details.

[Zaino34 0]

In fact, the governments did not first recognize the legitimacy of the Bitcoin until it defended it, so governments cannot defend these digital currencies unless they formally recognize them, and no lawsuit can be brought against people who steal currencies.

[kyoukage01 3181]

I have here a link to an article that further delves into the matter:

https://www.coindesk.com/russian-courts-cant-agree-on-whether-crypto-is-property

 

It insinuates that even the courts have conflicting stances on cryptocurrencies' status as an asset. An excerpt from the link states as follows:

Quote

The decision is nothing more than a mistake, believes crypto-savvy lawyer and deputy head of the Chamber of Tax Consultants in Russia, Mikhail Uspenskiy. “The stance that cryptocurrency is some kind of a dummy and has no legal significance, is deeply flawed and erroneous,” Uspenskiy told CoinDesk. 

If anything, the newest criminal case can at least serve as a test case for lawmakers to finalize the country's take on crypto. Until then, we might see some more cases like these in the future, since it will embolden other criminals to target crypto holders knowing that they won't be punished as heavily had they took other forms of assets.

 

*sarcasm* It must be heaven for crypto enthusiasts there to know that crypto is getting popular to the point that many people, even the unsavory ones, are getting interested. And the government is REALLY taking good care of them.

 

But seriously, we hope that whatever decision the courts make will go favorably to crypto users. There are some sections of their government who understands that it will be a wasted opportunity if crypto becomes heavily restricted and the crypto users become scared of being targeted just because they have no legal protection.

 

[Tine0313 3053]

Since bitcoin has no legitimate status on the said country, i think they cannot give any legal action to the said event since bitcoin is not under their constitution. That's why the court said it. Anyway, we should be careful of our e wallet to avoid same event especially if your country has no implemented laws about Cryptocurrency.

[Ridam 7455]

I also heard this and i was just shocked how court can't take action to recover the 100btc loss. And I'm wondering why they doesn't consider Bitcoin as legal property and they are just promoting the btc theft. As anyone can show weapons and ask you to send btc and it's also legal? Why work and earn if you can loot others btc? Xd

Surely if proper action isn't taken out and as the cases in court rely on older same case and decision this will create chaos in Russian Crypto market increasing such cases more in future. Russian should raise their voice against this unfair decision by government.

[Moaz 7239]

Yes, this is normal for the court to say that Bitcoin theft is not a crime because the court applies the laws in this country and since Bitcoin is still not legally recognized in Russia, so they considered that this theft is not a crime, so the solution is to protect our cryptocurrencies with all Possible means

[rekter 8129]

Could you next time include the source for news as well? Because surely you have read this from somewhere? Otherwise it might as well be a rumor.

 

Example:

https://cointelegraph.com/news/russian-court-theft-of-100-btc-isnt-a-crime-because-bitcoin-isnt-property

[Syedbesharat 5423]

This news makes me wonder what would happened when i will robbed .Mine BTC will not be returned but in my country the crypto is illegal but the government stated also if you can show your money trial you are eligible to hold crypto assets.Which give s me hops.The government is also start making frame  work for crypto and digital crimes.Which will be good for country .But as we see the court follow the international  finance committee where digital assets does not hold  same  legitimacy .

[Raqeebzy 6456]

@BrolySSJ, good topic but I would want to take into consideration putting your information sources after a post, this will help readers believe in the authenticity and probably read more. 

 

Back to the subject, what can we say about this, it won't reverse the judgement or prevent future similar situation (I am 100% not in support of this, don't get me wrong). The judgement said because Bitcoin is not regarded as an asset. Don't be surprised we might see similar judgement in some territories, until it is regarded as one. Simple!.

[malik6314193 5449]

This is because, there is no such rules and law in countries about digital and crypto currencies. And it's also look strange that scamming and thefting crypto is no crime.

[kyoukage01 3181]

Crypto has now been declared legal in Russia.

https://cryptotalk.org/topic/109340-crypto-now-legal-in-russia-although-with-restrictions/

 

And what will become of this particular case presented in this topic? Because even though the criminals can now be convicted for stealing BTC, the owner might have some trouble getting it back, since a declaration of ownership may be required of him, and how can he declare something that he currently does not possess?

 

Please update this topic if there are new developments on the case. I'll be waiting 😁 .

 

[koussai999 1986]

I think that cryptocurrencies must develop a system in order to fight fraud cases by many fraudsters and at the same time a lot of hackers in order to steal money from others I think we should also be careful in this world full of thieves

[Omar Ommeish 4872]

On 7/2/2020 at 1:36 PM, gourav789 said:

this is really wondering me , I think This is. true also . there isn't any exixt of Bitcoin , Bitcoin is not a property of anyone . we should protect our bitcoin itself becuase there isn't any way of recover them .

 

 

Yes, I agree with you, I think that in the future there will be greater protection for cryptocurrencies and the court will consider currency robbery a crime punishable by law.

[Mella 3680]

2 minutes ago, Omar Ommeish said:

Yes, I agree with you, I think that in the future there will be greater protection for cryptocurrencies and the court will consider currency robbery a crime punishable by law.

I have read somewhere that this has changed now and this theft will be punished now because russia agreed to accept crypto and made it law to own crypto for the citizens. This is only good news and help with adoption.

[Guru2050 8284]

I don't know how truely this Matter is but this is uncalled full situation, these are some of the things that is tarnishing the image of Crypto currency system in the public, creating fear and misconception in people, thinking if they join the system there safety is not assured. However in nearest future Crypto will develop beyond imagination to properly arrest and tackle such kind of challenges.