A cryptocurrency offshore center will appear on the border of Russia and China

A new financial center, where activities related to cryptocurrency will be conducted, may appear on Bolshoy Ussuriysky Island on the border of Russia and China. This statement was made on Saturday, June 8, the head of the Agency of the Far East for attracting investment and export support (IPA) Leonid Petukhov, reports TASS.

“We want to make a big financial center there. Figuratively speaking, cryptocurrency, cryptobirge, forest trade exchange – in a good way, domestic offshore. What they did in Kaliningrad, ”he said at the St. Petersburg International Economic Forum (SPIEF).

According to Petukhov, it will be convenient to open such a center on Bolshoy Ussuriysky Island, since it belongs to two countries.

Information: Big Ussuri Island is located on the Amur River, along it lies the border between Russia and China, part of the island is included in the city limits of Khabarovsk. Since 1964, the territory has been disputed by the PRC. In 2004, an agreement was concluded and ratified in 2005 on the transfer of the People's Republic of China to the western part of the Bolshoi Ussuriisky, the whole of Tarabarov and some small islands.

On October 14, 2008, at the end of the demarcation of the Russian-Chinese border, the neighboring island of Tarabarov and part of the Big Ussuri Island were transferred to China.

Currently, special administrative districts with favorable conditions for international companies are being created on Russky Island in Vladivostok and Oktyabrsky Island in Kaliningrad. Their residents are fully exempted from income tax in the form of dividends and income tax on the sale of shares of foreign companies.

In April of this year, the Ministry of Economic Development of the Russian Federation announced plans to create regulatory sandboxes in the Kaliningrad and Kaluga regions, in the Perm region, as well as in Moscow. It is assumed that they will be tested innovative technologies that do not yet fall under the current legislation in the Russian Federation, including cryptocurrency and blockchain.

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