Express
Russian Public Officials Banned From Holding Cryptocurrency
Summary: The news was first reported by Russian crypto news outlet Forklog. Russia’s Ministry of Labor has informed officials of federal and local government bodies that they are prohibited from owning cryptocurrency and must dispose of any holdings. A document, published on the Ministry’s website and dated December 16, 2020, indicates the directive is aimed at ...
The news was first reported by Russian crypto news outlet Forklog. Russia’s Ministry of Labor has informed officials of federal and local government bodies that they are prohibited from owning cryptocurrency and must dispose of any holdings. A document, published on the Ministry’s website and dated December 16, 2020, indicates the directive is aimed at preventing corruption. The letter states that public officials in Russia on federal and local levels, including Bank of Russia board members and chairs of government-owned corporations, as well their spouses and under-age children, are not allowed to own cryptocurrencies and any digital assets issued outside the country.
