• 10 January 2018
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Russia allows officials not to declare crypto currency

Russia’s Labor Ministry has updated its guide on income declaration for officials. It states that civil servants may not mention crypto currencies in their reports.

The document equates virtual currencies to goods and services that officials receive as gifts. The Ministry ‘s representative told RBC that crypto currencies were excluded from officials’ declarations, as the Russian legislation does not regulate their turnover.

In addition, the Labor Ministry has expanded the list of "other incomes" that should be specified in a declaration. The list includes money received from relatives and third parties on a "no-return basis", yet there are no any instructions on spouses and minor children of officials concerning this point.

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