Russia Adopts Law Allowing State to Seize Illegal Funds, Digital Assets From Officials

Russia Adopts Law Allowing State to Seize Illegal Funds, Digital Assets From OfficialsThe State Duma of Russia, the lower house of parliament, has passed a law permitting law enforcement authorities to seek confiscation of illegally obtained funds from government officials, including cryptocurrency. The state may attempt to seize the assets through court if they exceed the officials’ income. New Law Allows Russia to Prosecute Officials With Illegal […]

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Russia Prohibits Government Officials From Owning Crypto, Must Dump Holdings by April

Russia Prohibits Government Officials From Owning Crypto, Must Dump Holdings by AprilThe Russian Ministry of Labor has reportedly banned government officials from owning and using cryptocurrencies. Officials have also been ordered to dispose of any cryptocurrencies they own by April. Russia Prohibits Government Officials From Holding or Using Cryptocurrencies The Ministry of Labor and Social Protection of the Russian Federation has issued a letter in which […]

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Korean Government Officials De Facto Banned from Holding and Trading Crypto

Korean Government Officials De Facto Banned from Holding and Trading CryptoThe South Korean government has reportedly de facto banned all government officials from holding and trading cryptocurrencies. Even if their crypto activities are not related to their jobs, public officials can still be subject to disciplinary actions. Also read: Indians Look to Buy Bitcoin Overseas as Regulations Tighten Public Officials De Facto Banned from Crypto South […]

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