The 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 it informed civil servants that they must get rid of any cryptocurrencies they are holding by April 1, Forklog reported Friday.

“Officials are obliged to dispose of digital financial assets issued in information systems organized in accordance with foreign law, as well as digital currencies, regardless of the country of issue,” the letter says. The news outlet described:

The letter also establishes a ban for civil servants to own and use these types of assets.

The letter specifies persons affected by the new law, naming in particular those holding government or state positions, employees of the Central Bank of the Russian…

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Source: https://news.bitcoin.com/russia-prohibits-government-officials-owning-crypto-dump-holdings-april/