Putin Orders Russia’s Public Officials to Report Crypto Holdings

Putin Orders Russia’s Public Officials to Report Crypto Holdings
Vladimir Putin
(CoinDesk archives)

Russian President Vladimir Putin has signed an order obliging public officials to report any cryptocurrency holdings.

According to the 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.

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