Russian Government Sets Deadline for Officials to Disclose Crypto Holdings
Last Updated: 12 December 2020
For a substantial part of 2020, the Russian government has established regulations and brought order to its crypto space. Beyond just the obligations of private individuals and firms, the laws are also stretching to government officeholders.
Time for Transparency
On Thursday, Russian President Vladimir Putin officially amended the country’s crypto guidelines, “On Digital Financial Assets,” to compel government officeholders to disclose their crypto investments. The decree stipulates that officials will need to disclose information such as the digital assets they own, the data of acquisition, and how much of the assets they own.