Officials in the executive branch of the federal government must report their holdings in virtual currency as part of the public financial disclosure process, according to an internal government ethics watchdog.

In a legal advisory released Monday, the U.S. Office of Government Ethics clarified that virtual currency qualifies as “property held … for investment or the production of income” under the Ethics in Government Act, and therefore is subject to the public or confidential disclosures required under the law. Going forward, the OGE is requiring executive branch officials and nominees to identify the name of the virtual currency they hold and any exchange or platform used to hold it in their annual disclosures.

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