Russian officials will soon be forced to declare if they have any crypto-assets, in line with new regulations set to take force in 2021. The new laws will recognize virtual currencies but will not class them as legal tender.
“Starting next year, civil servants will be required to declare [virtual] currencies on an equal basis with other assets,” explained Russian Prosecutor General Igor Krasnov. This means officials will have to indicate the cryptocurrency in their income declarations, allowing the state to keep track of all civil servants’ earnings.
Continue reading https://on.rt.com/aszg