Putin Obliges Candidates For Deputies to Report On Cryptocurrency Assets

The new law in the Russian Federation regarding cryptocurrencies – now the acquisition of digital assets by each candidate participating in the elections is subject to strict accountability. It has already been signed by Putin.

The law obliges candidates to report how much money they spent on the purchase of cryptocurrency. The requirement applies not only to the candidates themselves, but also to their families.

Data for the last three years are subject to reporting, and the accountable must not only indicate the amount of money spent on crypto assets, but also the source of income that allowed them to make this acquisition.

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