Putin Orders Russia's Public Officials to Report Crypto Holdings

[admin]

According to the document signed Thursday, both current civil servants and people about to assume a government position must disclose which digital assets they own, as well as in what quantity and from where they were purchased. The first reports must be provided from Jan. 1 through June 30, 2021.

The reports must include all types of digital assets – including cryptocurrencies, digital securities and utility tokens – owned by a current or prospective civil servant, as well as their spouses and children. People seeking government roles will also have to make a crypto disclosure during the application process.