Russian Duma Prepares Bill to Make Govt Officials Disclose Crypto Profits

  • Russian deputies believe that it is quite easy to explain an extra billion rubles found on your account by returns from past fortunate crypto investments

Cover image via U.Today

A representative of the Russian liberal-democratic party has recently stated that virtual assets give dishonest officials a chance to avoid publicizing their income. Currently, the deputies, who proposed the draft to make government officials report their crypto income, believe that it is quite easy to explain an extra billion rubles found on your account by returns from fortunate crypto investments.

Therefore, several deputies are preparing a set of amendments for the existing laws to do with taxation and plan to offer them for join discussion in the short term.
 

About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

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