Baku, August 27 — Azerbaijan has imposed a freeze on cryptocurrency as part of a criminal case investigated by the State Security Service (SSS).
According to 1news.az, the Sabail District Court issued a ruling to block virtual assets identified as the proceeds of crimes committed by an organized group.
Case materials note that under Article 99-1 of the Criminal Code, “special confiscation” allows the state to seize, without compensation, any assets obtained through criminal activity or used in the commission of crimes.
The Law on Combating the Legalization of Criminally Obtained Property and the Financing of Terrorism defines such property broadly, covering funds, movable and immovable assets, and digital holdings — including cryptocurrency.
In line with this legislation, the cryptocurrency belonging to suspects B.H.R. and others detained by the SSS was frozen as part of the investigation. The court’s decision has been forwarded to international virtual asset service providers for enforcement.
