Putin officially seeks to verify Russian citizens’ cryptocurrency holdings

Russian President Vladimir Putin has ordered a new system that compels citizens to reveal their cryptocurrency holdings.

After notifying the Ministry of Labor and the Central Bank, the President intends to gather all the facts via a joint report chaired by the Russian Finance Ministry, according to INC-News.

In accordance with the decree “On the National Anti-Corruption Plan for 2021-2024”, signed by the President, the Ministry of Finance, the Ministry of Labor, and the Bank of Russia must prepare their proposals on the procedure for verifying information on the ownership of digital assets by November 15.

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