Russia is constant its unpredictable relationship with cryptocurrency. At one time, there was speak of the nation banning cryptocurrency, although that by no means occurred. Russia finally legalized it, however didn’t permit cryptocurrency for use to make funds. In December 2020, Reuters reported that President Vladimir Putin signed an order requiring that Russian public officers must declare cryptocurrency holdings beginning January 1, 2021.
Now, Coindesk and Coin Telegraph are reporting that, beneath a regulation that went into impact in December, sure officers are barred from proudly owning cryptocurrency. This is applicable not solely to authorities officers but in addition to board members of the Financial institution of Russia and even the leaders of government-owned corporations and companies. Spouses and underage kids of these topic to the regulation additionally could not personal cryptocurrency. April 1, 2021 is the deadline set for divestment of current possession.