Russian Officials Do Not Need To Declare Their Crypto

Russia continues its constantly evolving relationship with cryptocurrency with its latest move. Earlier, the country very loudly announced its plans to control and regulate the digital currency industry.

Russian President Vladimir Putin announced in July this year the deadline for the final structure of the industry, and his government even submitted a draft law detailing the processes of issuing, taxing, buying and trading virtual currencies.

The Ministry of Labor of the country promulgated its guidelines on income, expenditure and declaration of property for civil servants, and he had an interesting little note. The framework specifies that government employees do not have to declare any "virtual currencies" that they may have reached.

Government employees are no longer required to declare "goods and services in their natural forms," and now crypt costs are part of this.

Read full article: https://ccurrency.io/russian-declare-cryptography/