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    Home » Russia may officially allow cryptocurrency trading in offshore zones of the Russian Federation

    Russia may officially allow cryptocurrency trading in offshore zones of the Russian Federation

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    By BlockchainJournal on June 8, 2019 News
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    Deputy Minister of Economic Development of the Russian Federation Ilya Torosov confirmed the state’s readiness to work with cryptocurrencies in Russian offshore zones. Such a statement was made by the deputy minister at the St. Petersburg Economic Forum.

    According to the deputy minister, the idea to give residents the opportunity to use cryptocurrency is in a high degree of readiness.

    “We are in the process of reconciling the“ crypt ”of digital financial assets. Send proposals in the coming month , ”promised Torosov.

    Recall that in the winter of 2018, Deputy Finance Minister Alexei Moiseyev told reporters for the first time that the Ministry allows for the creation of offshore zones in the country to trade cryptocurrency .

    According to Moiseyev, such zones may arise in :

    • Kaliningrad,
    • on the island of October (located in the Moscow district of the Kaliningrad region),
    • on Russky Island (located in the Peter the Great Bay of the Sea of Japan, a few kilometers from Vladivostok).

    Residents of these areas will be exempt from taxes on ships and will be able to issue shares of different types. In addition, in these zones there will be a special regulation of digital assets (cryptocurrency).

    The first package of bills on ATS was adopted by the State Duma in the summer of 2018. Earlier, Torosov promised that the third package of draft laws would be adopted after it was discussed by the participants of the XXIII St. Petersburg International Economic Forum, which is being held these days in the northern capital.

    Publication date 08/06/2019
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