Russia creates tax haven in Crimea, in response to US sanctions
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The United States adopts strict economic sanctions against Russia. Meanwhile, the Kremlin seeks to overcome financial barriers by using cryptocurrencies.
Good news for Cryptocurrencies on the side of Crimea
Anatoly Aksakov, President of the Financial Markets Committee
Yes, a tax haven in Crimea is a good idea. Here, all the conditions are there for that. In addition, local businesses need investment, and attracting them with tokens is a good option.As a result, Crimea could become a welcoming place for cryptocurrency exchanges and a jurisdiction open to Initial Coin Offering (ICO) projects.
"Mining (crypto-currency) for Crimea is an illusion. But the ICO and the exchange of crypto-currencies are very real. I know there are organizations working hard on this file, " he added.All the more reason, the Cryptoruble, the national cryptocurrency of Russia, must have a single issuing center, represented by the Central Bank. For the moment, there is no plan for this, at least not in the next two years. "However, this subject deserves reflection," said Aksakov.
Mobilize around Crimea and the Kaliningrad region
Alexander Shokhin
I think that Crimea and the Kaliningrad region are both able to obtain this tax haven status. The Kaliningrad region has long been home to a kind of customs paradise."First of all, I'm talking about these structures that are common in Luxembourg, the Netherlands, and so on," explained Shokhin. This is a competitive infrastructure launch opportunity, a chance to be seized. Some notable changes, including fiscal indulgence without any tax burden will have to be developed.
What do you think of the tax haven created in Crimea in response to US sanctions? Comment in the comments section below.
Posted from my blog with SteemPress : https://infos.link/russia-creates-tax-haven-in-crimea-in-response-to-us-sanctions/
This is very interesting. Crimea has been crippled financially since the beginning of the US sanctions and most businesses are staying away from the region due to this. I have hope for this cryptocurrency development in the region.