{"id":35189,"date":"2021-01-22T14:42:47","date_gmt":"2021-01-22T12:42:47","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=35189"},"modified":"2025-08-29T00:07:35","modified_gmt":"2025-08-28T21:07:35","slug":"russian-officials-ordered-to-divest-from-cryptocurrencies-by-1-april","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/russian-officials-ordered-to-divest-from-cryptocurrencies-by-1-april\/","title":{"rendered":"Russian officials ordered to divest from cryptocurrencies by 1 April"},"content":{"rendered":"<p>The Ministry of Labour and Social Protection of the Russian Federation issued an informational <a href=\"https:\/\/mintrud.gov.ru\/docs\/mintrud\/employment\/62\" target=\"_blank\" rel=\"noopener noreferrer\">letter<\/a>, in which it informed civil servants about the need to divest from cryptocurrency holdings by 1 April 2021.<!--more--><\/p>\n<blockquote>\n<p>&#8220;Officials are obliged to dispose of digital financial assets issued in information systems organised in accordance with foreign law, as well as digital currencies regardless of issuing country,&#8221; the letter says.<\/p>\n<\/blockquote>\n<p>The letter also imposes a ban on government employees owning and using these kinds of assets. The list of people subject to these rules is set out in <a href=\"http:\/\/pravo.gov.ru\/proxy\/ips\/?docbody=&#038;nd=102165163\" target=\"_blank\" rel=\"noopener noreferrer\">Federal Law No. 79-FZ of 7 May 2013<\/a>.<\/p>\n<blockquote>\n<p>&#8220;Officials who do not hold such posts may own cryptocurrency and must report it by 30 June,&#8221; explained GMT Legal managing partner Andrey Tugarin in a ForkLog comment.<\/p>\n<\/blockquote>\n<p>As reported, on 10 December 2020, President Vladimir Putin signed <a href=\"https:\/\/u1f987.com\/en\/news\/putin-signs-decree-requiring-officials-to-declare-cryptocurrency-holdings\">decree<\/a>, which obliges officials and candidates for relevant posts to declare information about cryptocurrencies and tokens owned by them, their spouses and minor children.<\/p>\n<p>The first reporting deadline runs from 1 January to 30 June 2021.<\/p>\n<p>Reports on transactions involving the acquisition of digital financial assets and digital currencies made in 2020 are not required.<\/p>\n<p>A bill on taxation of cryptocurrency operations for citizens <a href=\"https:\/\/u1f987.com\/en\/news\/draft-law-on-declaring-cryptocurrency-transactions-submitted-to-the-state-duma\">was submitted to the State Duma<\/a> in early December 2020.<\/p>\n<p>From 1 January, the Law on Digital Financial Assets came into force in Russia. It recognises cryptocurrencies as property and prohibits their use for payments for goods and services within the country.<\/p>\n<p>Subscribe to ForkLog news on Telegram: <a href=\"https:\/\/t.me\/forklogfeed\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">ForkLog Feed<\/a> \u2014 the full news feed, <a href=\"https:\/\/telegram.me\/forklog\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">ForkLog<\/a> \u2014 the most important news and polls.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Ministry of Labour and Social Protection of the Russian Federation issued an informational letter telling civil servants to divest from cryptocurrency holdings by 1 April 2021.<\/p>\n","protected":false},"author":1,"featured_media":35190,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1451],"class_list":["post-35189","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin-regulation-in-russia"],"aioseo_notices":[],"amp_enabled":true,"views":"8","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/35189","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=35189"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/35189\/revisions"}],"predecessor-version":[{"id":35191,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/35189\/revisions\/35191"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/35190"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=35189"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=35189"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=35189"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}