Russia now requires its public officials to report their cryptocurrency holdings.
In the document signed by President Vladmir Putin on Thursday, all civil servants, both current and to-be government officials must disclose relevant details regarding the digital assets they own.
The decree gives between Jan 1 and June 30, 2021 for its officials to declare their digital assets – all forms of it including crypto, digital securities and tokens belonging to them, their spouses and children.
Details regarding the digital assets to be revealed will include the name of the asset, total amount and date of aquisition.
Recall that the President recently signed a law on Digital and Financial Assets (DFA) that recognizes cryptocurrency as property, a law that will take effect from January 2021.