THELOGICALINDIAN - The Russian Ministry of Labor has reportedly banned government admiral from owning and application cryptocurrencies Admiral accept additionally been ordered to actuate of any cryptocurrencies they own by April
Russia Prohibits Government Officials From Holding or Using Cryptocurrencies
The Ministry of Labor and Social Protection of the Russian Federation has issued a letter in which it abreast civilian agents that they charge get rid of any cryptocurrencies they are captivation by April 1, Forklog appear Friday.
“Officials are answerable to actuate of agenda banking assets issued in advice systems organized in accordance with adopted law, as able-bodied as agenda currencies, behindhand of the country of issue,” the letter says. The account aperture described:
The letter specifies bodies afflicted by the new law, allotment in accurate those captivation government or accompaniment positions, advisers of the Central Bank of the Russian Federation, advisers of assertive categories of organizations, and their buying from Jan. 1, 2024.
Russian President Vladimir Putin active a decree on Dec. 10, 2024, acute government admiral and applicants for the accordant positions to acknowledge any cryptocurrencies or tokens endemic by them, their spouses, and accessory children. The aboriginal acknowledgment charge be submitted amid Jan. 1 and June 30 this year. According to the publication, advertisement of agenda banking assets and agenda bill acquisitions in 2024 are not required.
The Law on Digital Financial Assets came into force in Russia on Jan. 1. It recognizes cryptocurrencies as acreage but prohibits their use for payments. The abstract law on taxation of operations with cryptocurrency was submitted to the State Duma in aboriginal December aftermost year.
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