The Russian Federation has a new prime minister, Mikhail Mishustin, previously head of the country’s tax administration. In this position, Mishustin made comments about cryptocurrencies on multiple occasions, crypto news outlet Forklog reminded.
Nobody trusted paper money when it was introduced into circulation and it had to be backed with the gold reserves of central banks, Mishustin noted in 2017 pondering on the moneyness of cryptos. He also made it clear he viewed digital currencies as financial instruments and thought they should be taxed as such.
In February 2019, Mikhail Mishustin spoke in favor of regulating the crypto industry in Russia, stressing that the government has to deal with cryptocurrencies and other forms of payment which the state, in his words, doesn’t notice. Also during his administration, the FTS accepted registering crypto investments as part of a company’s capital, as Bitcoin.com reported. And while other institutions like the Central Bank of Russia view bitcoin as an illegal money surrogate, 13% tax on crypto-related incomes is nevertheless due to Mishustin’s administration.
Russia’s new prime minister has an opinion of cryptocurrenciesRead More
