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[Balint098]

As reported by Cointelegraph, after a meeting with 15 other prosecutor generals, Igor Krasnov announced that from now on Russian civil servant must disclose their crypto asset to avoid the potential of bribery and money laundering. The move overturned 2018's law that declared no civil servants are required to disclose their crypto assets due to unregulated nature of crypto in the country. But since now Russia has rudimentary regulation laws being set up for crypto this is no longer the case.

 

[Niftyicon]

The Russian government is gradually ensuring its control over crypto assets and the use of crypto in the guise of checking bribery and money laundering.

 

[Wisdom01]

Yeah i think since its more harder to trace crypto so they think of that, but what if a civil servant has another secret wallet how would they catch them , strict laws would be better

 

[Brain]

The Russian government is gradually ensuring its control over crypto assets and the use of crypto in the guise of checking bribery and money laundering.

Definitely your point seems the ultimate reasons for this declaration for civil servants but it isn't a bad idea at least it a way of checkmating their activities

 

[Niftyicon]

Definitely your point seems the ultimate reasons for this declaration for civil servants but it isn't a bad idea at least it a way of checkmating their activities

If it is just about their activities being put to check, then, it is a good development, however, the truth is a different case entirely.

 

[ELSA-ELI]

But how exactly is this going to be rolled out As some investments of crypto asets are made by genuine low class investors.That is the case of cash people make in a bank.Maybe there shoukd be a threshold that should give government an attention and not just everyone.That is my thought.

 

[Brain]

If it is just about their activities being put to check, then, it is a good development, however, the truth is a different case entirely.

If the entire about the declaration is for the betterment of both the people and the economy then all good and fine but if it for the negative then it all bad.

 

[Ginatime]

This is a smart move by Russia official if this can be implemented by other nation it will be a step to lower embesslement by government officials in the nation

 

[Brain]

This is a smart move by Russia official if this can be implemented by other nation it will be a step to lower embesslement by government officials in the nation

I believe it can still be adopted by other government if they want it's a simple process which will help boost an economy and keep away frdud and money laundering

 

[Niftyicon]

I believe it can still be adopted by other government if they want it's a simple process which will help boost an economy and keep away frdud and money laundering

I am in total support of policies like this that could help to keep the government clean of embezzlers if all due processes are followed.

 

[BullyMaguire]

I read something about an official taking bribes using Bitcoin so i guess this is a nessesary step for every government to take if ever they allow Cryptocurrency transactions freely used

 

[Brain]

I read something about an official taking bribes using Bitcoin so i guess this is a nessesary step for every government to take if ever they allow Cryptocurrency transactions freely used

That's humans for you, we are always looking for means to make more money especially in a very illegal way. This will help checkmate issues like this

 

[BullyMaguire]

That's humans for you, we are always looking for means to make more money especially in a very illegal way. This will help checkmate issues like this

Human's are really greedy. Im glad im not a human jk. Hopefully government can find a fair solutions to let Cryptocurrencies allowed and widely used soon.

 

[Brain]

Human's are really greedy. Im glad im not a human jk. Hopefully government can find a fair solutions to let Cryptocurrencies allowed and widely used soon.

Definitely, I'm sure with the growth of bitcoin there will come a time that implementing bitcoin for use be a very easy thing to be done by the government. Time is all that is needed

 

[BullyMaguire]

Definitely, I'm sure with the growth of bitcoin there will come a time that implementing bitcoin for use be a very easy thing to be done by the government. Time is all that is needed

Yes, im looking forward to the time where we will have a worldwide Currencies that you can you to anything and anywhere without needing to exchange it to local currencies first

 

[Brain]

Yes, im looking forward to the time where we will have a worldwide Currencies that you can you to anything and anywhere without needing to exchange it to local currencies first

Just excited already reading your last sentence. It will so save one for all the waste of time on exchanging and paying exorbitant charges and the rest of them

 

[BullyMaguire]

Just excited already reading your last sentence. It will so save one for all the waste of time on exchanging and paying exorbitant charges and the rest of them

It would be the best when you can go to other country with nothing other than your phone and your wallet and be fine just like that. Buy food with just a short QR scan ? it would be hassle free world

 

[achawaskey]

It is good at least it help to check bribery and other related illegal activities. I think more countries should join in check mating illegal activities perpetrated using Bitcoin.

 

[Brain]

It would be the best when you can go to other country with nothing other than your phone and your wallet and be fine just like that. Buy food with just a short QR scan ? it would be hassle free world

Yeah, it will be very easy transacting business all over the world without much ado. I will like that period of global money it would really show that the entire world has become a global village

 

[westmania]

Soon other countries may follow Russia. This disclosure information will not be accurate as we know how politicians act in life.