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Some Russian officials are being forced to sell their crypto by April 2021

Published 01/22/2021, 12:04 PM
Updated 01/22/2021, 01:40 PM
Some Russian officials are being forced to sell their crypto by April 2021

Some Russian officials are being forced to sell their crypto by April 2021

Russia adopted its cryptocurrency law in January, but this legislation does not provide a direct answer to some questions, including how local officials should deal with their crypto holdings. There are at least two other legal initiatives requiring Russian public officials to declare or even get rid of their cryptocurrency holdings entirely in 2021.

On Dec. 10, 2020, Russian President Vladimir Putin signed a decree obliging some public officials to disclose their crypto holdings by June 30. The decree was adopted as part of the country’s law “On Digital Financial Assets,” or DFA, which was made effective on Jan. 1.

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As oted in the same article:“The list includes a broad number of key public positions, including running and deputy positions in public office, the board of directors of the Russian central bank, public corporations owned by the Russian Federation, heads of district administrations and several others.”...well, if you make up there in Rasaua (or likely anywhere elae in the world) you are the least to worry about the rules...
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