Russia follows Ukraine and order public officials to disclose ownership of cryptocurrencies

Russia follows Ukraine and order public officials to disclose ownership of cryptocurrencies

This week, Vladimir Putin signed a new law requiring public officials to disclose all cryptocurrency assets.


13 Dec 2020 , 19:29 @ Matey Salt

Russia follows Ukraine and order public officials to disclose ownership of cryptocurrencies

This week, Vladimir Putin signed a new law requiring public officials to disclose all cryptocurrency assets.

Russia seems to be following in the same footsteps as Ukraine, which introduced in March this year an obligation for all public officials to include in property declarations all crypto assets owned by the immediate family.

According to published information, Vladimir Putin signed a similar order on December 10. The aim is to force every public official who wants to work in government to disclose all the digital assets owned by his immediate family (husband, wife, children).

Recall the recent cryptocurrency scandal in Ukraine, which revealed that the son of a member of the Verkhovna Rada of Ukraine owns about 185 000 Monero (XMR) worth almost $ 25 million

The case of the former representative of the department for overseeing the observance of laws by the Security Service of Ukraine and the State Border Service of Ukraine at the Odessa Regional Prosecutor’s Office was also interesting. Viktor Neporada and his wife own 5 ETH, 1,000 NEM, 250,000 Aeneas, 5,000 Carbo, 1.2 BTC, 3 ETH, 1000 XRP, 2.5 Bitcoin Cash, 105 EOS and 5 Zcash.

Read also: Ukrainian deputies declare assets in cryptocurrencies worth tens of millions of dollars

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