confiscation

First Cryptocurrency Confiscation in Azerbaijan Reflects Stricter Regulation of Digital Assets

Azerbaijan has confiscated cryptocurrency for the first time, setting a legal precedent for virtual assets. What does this case mean for crypto regulation, investors, and the country's fintech sector?

Azerbaijan Confiscates Cryptocurrency for First Time in Criminal Case

A court in Azerbaijan has sentenced individuals in a case involving illegal transfer of funds, confiscating 830 units of cryptocurrency in favor of the state. This marks the first confiscation of crypto assets in the country.

Armenia plans to recover $2 billion in illegally obtained assets by 2031

Prime Minister Nikol Pashinyan announced the government's intention to return about $2 billion in illegally acquired assets to the state budget between 2026 and 2031.