Russian officials must disclose their crypto holdings by June 2021
Russian officials finally prepare to disclose their crypto. Russia is the latest country to officially require its government officials to report their cryptocurrency holdings.President Vladimir Putin has signed a decree obliging Russian officials to disclose their crypto investments by June 30, 2021, local news agency TASS reported on Dec. 10.Officially released on Thursday, the decree stipulates new measures related to Russia’s federal crypto law “On Digital and Financial Assets,” or DFA.The form requires officials to disclose data like the name of the digital asset, the date of....
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Some Russian public officials have to disclose their crypto holdings, while other officials are obliged to hold zero crypto by April 1, according to a new law. Russia adopted its cryptocurrency law in January, but this legislation does not provide a direct answer to some questions, including how local officials should deal with their crypto holdings. There are at least two other legal initiatives requiring Russian public officials to declare or even get rid of their cryptocurrency holdings entirely in 2021.On Dec. 10, 2020, Russian President Vladimir Putin signed a decree obliging some....
Russian President Vladimir Putin has signed an order compelling the country’s government workers to disclose their cryptocurrency holdings. The order stipulates that employees must submit details of where they bought the digital assets and the value thereof by June 30, 2021. Similarly, children and spouses of government employees must disclose their digital asset holdings, according to a document that was signed on Nov. 10. Meanwhile, as part of the new requirements that are also applicable to citizens applying for public office, Russian government workers are required to state: The....
The Russian parliament has adopted a new law obliging persons running for office to present information about their digital asset holdings. The legislation will amend a number of acts and apply to presidential and parliamentary candidates as well as government officials. Russian Politicians to Declare Their Cryptocurrency Funds Before Elections Members of the State Duma, the lower house of Russian parliament, have approved a law under which participants in elections will have to declare their crypto. It requires running candidates to share data about their spending on the acquisition of....
Public officials in Russia will now be required to declare all the crypto assets they hold as income. The measures are with effect from Jan. 1, 2021, local media reported. Russia’s prosecutor general Igor Krasnov declared: “Starting next year, civil servants will be required to declare [virtual] currencies on an equal basis with other assets.” Krasnov said this on Oct. 20 while speaking at a corruption meeting involving 15 other prosecutor generals from the Shanghai Cooperation Organization (SCO) member states and elsewhere. The SCO is an eight-member political, economic....
Russian government officials must dispose of any digital asset holdings before April 1, a letter from the Ministry of Labor states.