The Ministry of Labor of the Ministry of Labor published a report on income, expenditures and Ownership statements Media Izvestia reports. The updated regulation states that government employees do not have to declare the "virtual currencies" that they have obtained.

The note on cryptocurrency has been added to an existing point stating that government employees were not required to declare "

Representatives of the Ministry of Labor have told the local RBC newspaper that they did not need cryptocurrency at the moment because of the general lack of legislation in Russia. space, indicating:

"At the present time, approaches to the definition and regulation of cryptocurrencies in the Russian Federation at the legislative level are not defined."

Risk of Corruption

Russian officials are required to make public statements about their earnings since 2009. The "experts" pointed out to Izvestia that the decision According to the guidelines Vladislav Tsepkov of the Business Against Corruption Center, an organization created by the Russian government in 2011 to protect entrepreneurs, eased the risk of receiving bribes in a cryptocurrency that would not be disclosed. rights, told Izvestia that they saw the risk that officials would accept bribes in crypto as "minimal", noting:

"But cryptocurrency does not come into effect. is not a means of payment, it can not be spent If they [government workers] sell it and get a real income, then it will have to be declared, so the risks are minimal. "

Izvestia a noted that according to the same regulations, it is necessary that the government workers declare gifts "real" or fiat, money from friends or family.

These changes come at a time when Russian corruption is at an all time high. According to statistics on the issue, corruption has increased by more than thirty percent in Russia since 2008.

<img alt=" Russia Corruption Index "src =" http://cointelegraph.com/storage/uploads/ view / 2345d9d9777027934bceccae3d326785.png "title =" Russia Corruption Index "/>

The Russian Government has not yet created legislation that explicitly covers the digital currencies The country's government and the central bank have generally a negative position on the subject, calling crypto-currencies "High Risk", especially for traditional investors.