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Officials and Civilians in Russia to Disclose Their Crypto Assets by June 31
Dec 11 2020 · 15:47 UTC | Updated
Dec 12 2020 · 14:06 by staff writer · 3 min read
Photo: Unsplash
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Previously, the Russian government intended to outlaw any miners located in the Russian territory but it still remains an unresolved topic whether or not mining could be illegal.
According to the Russian federal law regarding the possession of digital and financial assets (DFA), both government officials and civilians must report their cryptocurrency possessions to the Federal Financial Monitoring Service of the Russian Federation (known as Rosfinmonitoring). The edict was signed by Vladimir Putin, reported the Russian news agency TASS. According to the decree, all officials in Russia must report their crypto assets possessions, starting on January 1st of 2021, with a deadline of June 31. Officials must disclose any relevant information about their