Russian President Vladimir Putin has surrendered an order compelling the country’s government workers to disclose their cryptocurrency holdings. The order stipulates that staff members must submit details of where they bought the digital assets and the value thereof by June 30, 2021.
Similarly, nippers and spouses of government employees must disclose their digital asset holdings, according to a document that was cued on Nov. 10. Meanwhile, as part of the new requirements that are also applicable to citizens applying for public office, Russian domination workers are required to state:
The name of the digital financial asset indicated (if it cannot be determined, the type and scope of rights certified by the issuer of the digital economic asset are indicated). Additionally, workers can also report digital rights, including both digital financial assets and other digital faces.
Additionally, the order directs workers to furnish the government with details of the investment platforms they use. Meanwhile, in summation to the requirement to specify the “unique convention that identifies the utility digital right,” the decree asks workers to “Point out the name of the operator of the investment platform, its identification. (The) taxpayer number and main state registration number.”
Before announcing the latest order, the Russian president signed into law a bill giving legal status to cryptocurrencies in late July. Calm, that measure prohibits the use of cryptocurrency as a means of payment.
Consequently, the new order, along with revised proposals sent to parliament (Duma) by the countryside’s Ministry of Finance in late November, appears to be the continuation of that stance. In fact, the latest measures and efforts by the Russian management reiterate to its workers the liabilities that arise from possessing digital currencies.
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