RATE Group | Russia’s New Prime Minister Wants Cryptocurrency To Be Taxed
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Russia’s New Prime Minister Wants Cryptocurrency To Be Taxed

18 Jan Russia’s New Prime Minister Wants Cryptocurrency To Be Taxed

Posted at 01:17h in Cryptocurrency News by

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Russia’s new Prime Minister, Mikhail Mishustin, is a former tax man. And he’s coming for Russia’s Bitcoins.

Mishustin was the director of the Russian version of the Internal Revenue Service. One of his most noted achievements was to stop fraud in VAT tax refunds, and reduce red tape so companies are not being audited all the time. He is known as being tough on tax fraud, which is not easy in Russia, considering its wealthiest have been hiding money in Cyprus, the Caymans, and elsewhere since the fall of the Soviet Union when they first took money out in droves.

Mishustin wants all operations with cryptocurrency to be taxed.

“I am convinced that it is necessary to tax such operations, and to…

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