Putin Asks Russian Officials to Reveal Crypto Asset Holdings in Other Countries

President Putin requires Russian officials to reveal crypto asset purchases in foreign countries. In a move signaling increased scrutiny of digital assets, the Russian government has asked public officials who own or trade crypto to disclose their holdings, according to new guidance signed by President Putin. This new order, signed by President Vladimir Putin on Friday, has made it mandatory for the country’s public officials to declare their digital assets and cryptocurrency holdings, effective immediately. The requirement extends beyond current officeholders.

A new order signed by President Vladimir Putin will require all Russian public officials to declare their cryptocurrency holdings. 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. Russian President Vladimir Putin has ordered a new system that compels citizens to reveal their cryptocurrency holdings. This move comes after notifying the Ministry of Labor and the relevant authorities.

The new amendment mandates candidates contesting for government offices to reveal to the authorities details about the crypto funds they have acquired in other countries. Candidates for government offices in Russia are now required to declare all digital assets. 🇷🇺 Putin legalizes crypto, albeit with strict disclosure requirements.