Russian President Vladimir Putin signed a law obliging candidates for elective office to report on transactions for the acquisition of digital currencies.
The document has already been published on the official portal of legal information. He amends a number of laws in connection with the adoption of the law “On digital financial assets, digital currency and on amendments to certain legislative acts of the Russian Federation.”
Now, those who decide to run for elections must report the costs of each transaction for the acquisition of digital financial assets and digital currency. It is also required to provide information about such expenses of spouses and minor children of candidates. The report must also indicate the sources of funds at the expense of which the transaction was completed.
Applicants must report purchases made within the last three years – if the amount of the transaction exceeds the combined income of the candidate and their spouses over the past three years.
It should be noted that similar requirements are already enshrined in legislation for acting deputies. The new law will enter into force 10 days after publication.
Source: ixbt
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