Putin Orders Russian Officials To Disclose Crypto Transactions Made Abroad, Bitcoin Rises
The Russian government has amended an order on property declarations of Russian officials overseas. Bitcoin rose by 7.77 per cent, while Ethereum rose by 8.69 per cent in last 24 hours
Himanshu S.
3:58 13th May, 2022
Policy
The new amendment requires applicants for government jobs to disclose crypto money they have obtained in foreign countries.
They will also be required to report their cryptocurrency investments and assets from now onwards. It comes as part of the new code of conduct.
The new Russian law ‘On Digital Currencies’ uses the term “digital financial assets” to refer to all cryptocurrencies and crypto assets.
The regulation will cover candidates running for seats in state and municipal authorities, and representatives of political parties, who are nominated for the highest posts.
