Russian officials will be required to declare cryptocurrency assets From next year, Russian officials will be required to indicate information about cryptocurrency assets in their income tax returns. TASS writes about this with reference to the Prosecutor General of Russia Igor Krasnov. He made the corresponding statement during a speech at a meeting of the prosecutors general of the Shanghai Cooperation Organization (SCO) member states.

Russian officials will be obliged to declare cryptocurrency assets

Starting next year, Russian officials will be required to provide information on cryptocurrency assets in their income tax returns. TASS writes about this with reference to the Prosecutor General of Russia Igor Krasnov. He made the corresponding statement during a speech at a meeting of prosecutors general of the Shanghai Cooperation Organization (SCO) member states.

The Prosecutor General stressed that in July 2020, a federal law on digital financial assets was adopted in Russia. It defines the principles of handling cryptocurrency in some areas of legal relations, including with the aim of combating corruption. Also, according to the law, digital assets are now recognized as property, from which the corresponding obligations follow.

"Civil servants, starting next year, are required to declare such currencies on an equal basis with other assets," said Krasnov.

Earlier, banks used the consolidation of the legal status of digital assets in Russia to issue the first loan secured by cryptocurrency tokens.

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