Russia drafts a bill to set up an offshore company to trade cryptocurrencies

nBankruptcy comment: According to Russian media reports, the Russian Ministry of Finance recently proposed to draft a bill to allow offshore companies to set up trading cryptocurrencies. According to TASS, the Ministry of Finance is considering the creation of a cryptocurrency exchange on the Russian island and the Oktyabrsky islands. However, it seems that the Russian Ministry of Finance and the Russian Central Bank have yet to reach a consensus on the possibility of trading currencies with rubles and other assets. Herman Klimenko, Presidential Adviser on Internet Development in Russia, recently criticized this proposal from the Ministry of Finance and considered that there is no difference from a technical point of view on the transactions of cryptocurrencies.n
nTranslation: Clovern
The Russian Ministry of Finance is drafting a law that allows offshore companies to set up cryptocurrencies. This is basically consistent with the recently released act of the legal framework on cryptocurrencies.n
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Offshore cryptocurrency tradingn
According to Ria Novosti, “the Russian Ministry of Finance recently proposed to set up an offshore company in Russia for conducting cryptocurrency trading.” However, the Tass news agency said Alexei Moiseev, deputy minister of finance of Russia, said:n
n”The Ministry of Finance is considering opening cryptocurrency exchanges on the Russian island and the Oktyabrsky islands.”n
nOctober is an island on Kaliningrad in Europe. The island of Russia belongs to the Pacific coast town of Vladivostok (Vladivostok) adjacent to Japan. Last November, a Hong Kong company announced plans to establish a cryptocurrency mine on the Russian island.n
Referring to a recently released bill entitled “About Digital Financial Assets,” Moiseev said the bill is also taking both islands into account. The agency said Moiseev said it has held discussions with Far Eastern Affairs on the transaction of cryptocurrencies on the Russian island.n
According to Moiseev, “trading of cryptocurrencies with rubles and other assets can be resolved in different regions.” Tass said in his speech:n
n”This may not work in the Common Territory, but within the framework of a special territorial territory such as the Vladivostok Free Port, some of the conditions for offshore transactions have been met and now a bill is being prepared for Russia and the October Islands Islands Multi-interest. “n
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Opinions differn
The Ministry of Finance and the Russian Central Bank have yet to agree on the possibility of trading currency with rubles and other assets.n
Tass news agency reported that Herman Klimenko, Presidential Adviser on Internet Development in Russia, “criticized the idea of ​​the Ministry of Finance to set up an offshore company in Russia for trading cryptocurrencies.” According to him, from a technical point of view, cryptocurrencies are traded No differencen
Klimenko elaborates:n
n”This is the same as determining mining is legal in a particular area.You can not prove that the mining was carried out at a specific location or on a specific equipment.” In addition, he “believes that an offshore company’s organization has no financial basis and can not create new jobs “n
nThe media further quoted him as saying:n
n”It is understandable that we do offshore fishing in sea cucumber, because there are fish, but the most important factor for crypto currency exchanges is the speed of the internet, and if you have the best internet traffic on the island of Russia, So fast, that understands why trading is going on the Russian island, but not so far. “n

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